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Vetr Upgrades Lowe's On New All-Time High

Chris Dier-Scalise

The Vetr crowd upgraded its rating for Lowe's Companies, Inc. (NYSE: LOW) from 1.5 stars (Strong Sell), issued five days ago, to 3 stars (Hold). Crowd sentiment at the time of the upgrade was still mostly cautious, with 88 percent of Vetr user ratings bearish.

Share price in Lowe's reached a new all-time high of $84.47 on Monday. The stock had been on a distinct uptrend following a positive Q4 earnings report at the beginning of March.

Lowe's finished the April 24 trading day up at $84.17. This marks the stock's fifth successful close of the last six, a streak that was only interrupted after the company announced its pricing of $3 billion note offering on April 19.

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Currently, the Vetr crowd's average target price for Lowe's is down at $83.11, which is just about even with the average analyst target price of $83.15. Less than 2 percent of Vetr users are holding LOW in their watch lists.

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