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Home Depot, Lowe’s See Share Price Targets Boosted

Home Depot  (HD) – Get Report and and Lowe’s Companies  (LOW) – Get Report had their share price targets raised Tuesday by analysts at Wells Fargo an Morgan Stanley as both home improvement retailers prepare to release quarterly reports next week.

Home Depot shares were rising 1% to $277.68, while Lowe’s was up nearly 1% to $154.98.

Home Depot is scheduled to report earnings on Aug. 18 while Lowe’s is slated to report on Aug. 19. 

Wells Fargo analyst Zachary Fadem raised his price target on Home Depot to $300 from $295, while keeping an overweight rating on the shares. Fadem also raised his price target on Lowe’s to $180 from $165 and kept an overweight rating on the shares.

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