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Low mortgage rates are giving Lowe’s a boost, Piper Jaffray says in upgrading the stock

An staff member organizes buckets for sale inside a Lowe’s Cos. store in Burbank, California.

Patrick T. Fallon | Bloomberg | Getty Impressions

Low mortgage rates and increased home improvement spending are going to help lift Lowe’s stock, according to Piper Jaffray.

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