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Lowe’s price target lowered to $280 from $300 at Mizuho

Mizuho analyst David Bellinger lowered the firm’s price target on Lowe’s (LOW) to $280 from $300 and keeps an Outperform rating on the shares. The stock fell post-earnings with the broader market and on higher rates, despite an encouraging print and comps currently on pace to land in the 1.5% range for Q2, the analyst tells investors in a research note. The firm believes Lowe’s is “showing the seeds of recovery.”

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