Deutsche Bank analyst Mike Baker views yesterday's negative preannouncement from Sherwin-Williams (SHW) as a net negative for Home Depot (HD) and Lowe's (LOW). Sherwin posted a 3% comp at its North America paint stores versus 5% in Q3 and the fourth worse quarter in a row, Baker tells investors in a research note.
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Home Depot, on its conference call discussing its agreement to acquire SRS Distribution, said it is suspending share repurchases until it gets back to its targeted 2.0 times adjusted debt to EBITDA.
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here