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Fly News Breaks for October 17, 2018
LOW, HD
Oct 17, 2018 | 09:21 EDT
As previously reported, Credit Suisse analyst Seth Sigman downgraded Home Depot (HD) and Lowe's (LOW), both to Neutral from Outperform, citing his concern that their recent results and stock prices have disconnected from housing. While he sees good reasons for that, Sigman thinks it's difficult to assume that continues, he tells investors. He continues to view Home Depot as best-in-class in retail, but struggle to find multiple upside from its current premium level as housing sentiment shifts and some uncertainty arises, said Sigman, who cut his price target on the stock to $204 from $222. While he continues to expect meaningful improvement in sales and operating profit at Lowe's under new CEO Marvin Ellison, Sigman thinks consensus estimates are baking that in. He lowered his price target on Lowe's shares to $111 from $115.
News For HD;LOW From the Last 2 Days
HD
Mar 28, 2024 | 16:23 EDT
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
HD
Mar 28, 2024 | 12:00 EDT
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
HD
Mar 28, 2024 | 10:00 EDT
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.
LOW
Mar 27, 2024 | 12:00 EDT
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