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Lowe's reported strong Q4 earnings, boosting stock despite some firms reducing holdings.
Investment firms like StoneX Group Inc. and AllianceBernstein L.P. have recently adjusted their holdings in Lowe's Companies, Inc., a home improvement retailer.
Despite some institutions reducing their shares, Lowe's reported strong Q4 earnings of $1.93 per share, beating estimates.
The company's stock has a "Moderate Buy" rating and a $279.71 target price.
Lowe's also announced a quarterly dividend of $1.15 per share.
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Lowe's reportó fuertes ganancias Q4, aumentando el stock a pesar de que algunas empresas reducen sus tenencias.