A recent Goldman Sachs report has upgraded its rating for Lowe’s (NYSE:LOW), the U.S.’s second largest home-improvement retailer after Home Depot (NYSE:HD), from ‘Neutral’ to ‘Buy’ with a higher price target of $28, up from previous $26. The upgrade was in response to management’s continued efforts to reinvent its strategies from a new national re-branding campaign, to store upgrades and roll out of powerful online tools like ‘MyLowes’ to engage customers.
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