Lowe’s currently has a Zacks Rank #3 (Hold). The stock has surged nearly 30% in the past three months compared with the industry’s rise of 19.6%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

That said, let’s take a look into some of the aspects that are acting as the aces in Lowe’s stack.

Home Improvements Market Looks Bright

Digitization is a Key Catalyst

Wrapping Up

We expect that the aforementioned drivers will continue to fuel the company’s top line. Management is also pleased with the progress of its retail-fundamentals and merchandising initiatives, especially toward catering to the needs of pro-customers.

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