Lowe's: Patience Can Be Rewarded With Environment Unlikely To Worsen (Upgrade)

Shares of Lowe’s Companies ( LOW ) have been a significant underperformer over the past year, losing about 23% of their value. The home improvements retailer has been dogged by a weak housing environment, given the surge in long-term interest rates. On top of this, past M&A Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours.

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