Piper Jaffray Upgrades Home Depot (HD), Lowe's (LOW) to Overweight

Piper Jaffray's Peter Keith upgraded shares of Home Depot (NYSE: HD) and Lowe's (NYSE: LOW) from Neutral to Overweight Monday morning.

Keith's price target on Home Depot was lifted from $47 to $62 and his Lowe's target was raised from $29 to $41.

Home Depot shares are up about 0.8 percent in pre-market trading; Lowe's shares have not yet moved.

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