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Lowe's Companies (LOW) stock may be set for a drop over the next quarter, based on unusually heavy LOW put options activity. However, analysts still have higher price targets. Moreover, LOW stock is trading below its historical forward price/earnings (P/E) metric.
LOW is at $193.84 in midday trading on Tuesday, Sept. 22. That's near its lowest point in the last 6 months ($190.98, Sept. 21). Today's heavy put options activity might imply its set for another dip. Or is it?
