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UPDATE: Lowe's Downgraded At Canaccord Amid Management Changes

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8 Biggest Price Target Changes For Monday
Lowe's Dropped From Conviction Buy List On 'Upside, Visibility, And Positioning'

In a report issued Wednesday, Canaccord downgraded its rating of Lowe's Companies (NYSE: LOW) from Hold to Sell with a new target price of $37.

Analyst Laura Champine sees that a loss of experience in merchandising and customer experience will greatly affect Lowe's. Champine estimates a reduction in the growth rate from five percent to three percent.

In addition to in-house issues, tough competition and a bad housing market will also play a role in a bleak future for Lowe's.

Lowe's is down 0.9 percent to $47.35 in pre-market activity.

Latest Ratings for LOW

Oct 2016Goldman SachsMaintainsBuy
Oct 2016Cleveland ResearchDowngradesBuyNeutral
Aug 2016BMO CapitalMaintainsOutperform

View More Analyst Ratings for LOW
View the Latest Analyst Ratings

Posted-In: Canaccord Laura ChampineAnalyst Color News Downgrades Analyst Ratings


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