Lowe's Stock Upgraded: What You Need to Know

Lowe's Stock Upgraded: What You Need to Know

Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope...

Black Friday has receded into the rearview mirror, but according to one Wall Street analyst, there's still time to grab one last bargain. This morning, analysts at Raymond James announced they're upgrading shares of Lowe's (NYSE: LOW) to outperform and assigning the home improvement retailer's stock a new price target of $87.

Here are three things you need to know about that.

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Source: Fool.com