Loop Capital analyst Laura Champine upgraded Lowe’s to Buy from Hold with a price target of $300, up from $250. The analyst says recent store checks indicate the home improvement retail demand has bottomed. The hurricanes may disrupt current quarter sales, but investors will likely look beyond this to a future demand lift, the analyst tells investors in a research note. Loop is “pleased” with the quick resolution to the port strike and upgraded to Buy the shares of both Home Depot and Lowe’s.
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