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Fly News Breaks for April 4, 2018
HD, LOW
Apr 4, 2018 | 08:26 EDT
Stifel analyst John Baugh lowered his Q1 same-store sales growth estimates for Home Depot (HD) to 6.0% from 6.5% and for Lowe's (LOW) to 4.0% from 4.7%, citing "a number of conspiring factors," including sluggish consumer spending data and bad weather. While acknowledging the opportunity for better results in April, Baugh said he would rather be somewhat conservative at this point, noting that consensus comp growth estimates are 5.9% for Home Depot and 4.4% for Lowe's. He maintains Buy ratings on both stocks.
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