Daily Market Updates: What's Going On With Lowe's Companies Stock Friday?

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What's Going On With Lowe's Companies Stock Friday?

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Lowe’s Companies Inc. (NYSE:LOW) stock edged lower Friday after Stifel downgraded the home improvement retailer ahead of its quarterly earnings report next week. Stifel Downgrades Lowe’s on Demand Concerns Stifel analyst Andrew Carter downgraded Lowe’s from Hold to Sell and lowered his price forecast from $195 to $190. The revised forecast implies about 16.5% downside from Thursday’s closing price of $227.46. Carter cited weaker demand, potential operating margin pressure and rising competition as key challenges for Home Depot, Inc. (NYSE:HD) and Lowe’s, CNBC reported. The analyst expects dema

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Sources

BenzingaWhat's Going On With Lowe's Companies Stock Friday?

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