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Lowe's (LOW) PT Lowered to $89 at Jefferies Following 1Q Miss

May 25, 2017 10:02 AM EDT

Jefferies lowered its price target on Lowe's (NYSE: LOW) to $89.00 (from $94.00) while maintaining a Hold rating. 1Q EPS of $1.03 missed expectation for $1.06. Comparable store sales of +1.9% missed the Streets view for +3.1%, reflecting slower traffic and a soft March as marketing focused on indoor... More