Lowe’s upgraded to Buy from Neutral at Citi

Citi upgraded Lowe’s (LOW) to Buy from Neutral with an unchanged price target of $285. The firm recommends buying some “cyclical share gainers” in the broadlines and hardlines retail group following the recent share pullbacks. Lowe’s should top Q1 consensus estimates and continue to outperform the industry, the analyst tells investors in a research note. Citi finds the shares attractive in the current home improvement landscape given its higher exposure to smaller projects.