Low mortgage rates are giving Lowe's a boost, Piper Jaffray says in upgrading the stock

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Low mortgage rates are giving Lowe's a boost, Piper Jaffray says in upgrading the stock
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Piper Jaffray upgraded Lowe's to overweight from neutral, as the firm expects home improvement sales to see its largest growth since 2016 in the coming quarters.

Patrick T. Fallon | Bloomberg | Getty Images Low mortgage rates and increased home improvement spending are going to help lift Lowe's stock, according to Piper Jaffray.

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