Citing Slowing Housing, Lowe’s (NYSE:LOW) Downgraded to Neutral by Wedbush
On Wednesday, Wedbush downgraded Lowe’s Companies (NYSE:LOW) to Neutral from Outperform. The firm downgraded the stock because it believes a slowing housing market may pressure the company’s results more than expected. Wedbush has reduced the price target to $50 from $60. Read more of the analyst’s thoughts below: We lower our rating on NYSE:LOW from OUTPERFORM…