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Lowe's stores undergoing a merchandising revamp 'with the goal of imitating Tractor Supply' - Jefferies

April 26, 2023 1:51 PM EDT

Jefferies analyst Jonathan Matuszewski said in a note Wednesday that Lowe's (NYSE: LOW) is revamping its value proposition in rural America.

The analyst, who reiterated a Buy rating and $250 price target on the stock, explained that the company's CEO, Marvin Ellison, was born in rural Tennessee, and the... More