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What to Look For When Lowe's (LOW) Reports Q2 Earnings

NEW YORK (TheStreet) -- Lowe's Cos. (LOW) is expected to post second quarter results before Wednesday's market open.

Analysts project the Mooresville, NC-based home improvement chain to report earnings of $1.41 per share and $18.34 billion in revenue.

Lowe's posted earnings of $1.20 per share and $17.35 billion in revenue for the second quarter in 2015.

Wall Street expects Lowe's to report 2016 earnings of $4.72 per share.

Additionally, Oppenheimer raised its price target on Lowe's to $94 from $85 this morning.

The firm also upped its 2016 earnings outlook to $4.02 per share from $3.80...