Lowe’s Stock Rises After Strong Earnings, Guidance Hike
1. Lowe's stock rose after positive earnings and acquisition news. 2. The company is acquiring Foundation Building Materials for $8.8 billion. 3. Analysts note Lowe's is aggressively competing against Home Depot. 4. Forecasts indicate Lowe's full-year sales will exceed previous estimates. 5. Investors reacted positively to Lowe's proactive approach in a recovering market.