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Lowe’s Downgraded to “Neutral” at JPMorgan (LOW)

Home improvement warehouse operator Lowe's Companies, Inc. ( LOW ) on Monday saw its rating and price target cut by analysts at JPMorgan.

The firm said it downgraded LOW from "Overweight" to "Neutral" and lowered its price target from $29 to $26. That new target suggests a smaller 11% upside from the stock's Friday closing price of $23.40.

Lowe's shares were mostly flat in premarket trading Monday.

The Bottom Line

Shares of Lowe's ( LOW ) have a 2.39%dividend yield, based on Friday's closing stock price of $23.40. The stock has technical support in the $20-$22 price area. If the shares can firm up, we see overhead resistance around the $25-$27 price levels.

Lowe's Companies, Inc. ( LOW ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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