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Fly News Breaks for July 20, 2015
LOW, HD
Jul 20, 2015 | 06:49 EDT
Deutsche Bank lowered its Q2 comp and earnings estimates for Home Depot (HD) and Lowe's (LOW) below consensus to reflect "weak" industry data for building material, garden equipment and supplies. For Lowe's, Deutsche cut its Q2 comp estimate to 3.0% from 4.5% and earnings estimate to $1.23, below the consensus of $1.25. For Home Depot, Deutsche cut its Q21 comp estimate to 3.5% from 4.5% and earnings estimate to $1.70, below the consensus of $1.71. It keeps a Buy rating on Lowe's and Hold rating on Home Depot.
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