and reduced its price target on shares from $320 to $305. Oppenheimer also cut its rating on Lowe's from outperform to perform. "Our updated models for HD and LOW reflect a 'base case,' whereby comp trends gradually moderate to about pre-COVID-19 levels," the note said.
— Shares of Foot Locker gained about 1% after Argus Research upgraded the footwear retailer to buy from hold. The Wall Street firm said consumers "have returned to stores with intentions to buy merchandise" while digital sales remained strong. — CNBC's Maggie Fitzgerald, Fred Imbert, Pippa Stevens, Jesse Pound and Thomas Franck contributed reporting.for exclusive insights and analysis, and live business day programming from around the world.
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