Schaeffer's Street Stories: Lowe's Companies, Inc. Falls, Despite an Upgrade

Schaeffer's Street Stories: Lowe's Companies, Inc. Falls, Despite an Upgrade

CINCINNATI--(BUSINESS WIRE)-- Despite an upgrade, Lowe's Companies, Inc. (NYSE: LOW) has slipped with the rest of the broad market today. Specifically, the home goods retailer has dropped nearly 2.5% after Deutsche Bank upped its rating from "hold" to "buy." However, today's decline is hardly the norm, as the stock has outpaced the S&P 500 Index (SPX) by nearly 23 percentage points during the past 60 trading sessions.

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    Source: Schaeffer's Investment Research