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HD

Home Depot

$194.11

-2.19 (-1.12%)

, LOW

Lowe's

$97.09

-1.23 (-1.25%)

08:04
08/14/18
08/14
08:04
08/14/18
08:04

Home Depot 2H deceleration as expected, says Goldman Sachs

Goldman Sachs analyst Matthew Fassler said Neutral rated Home Depot reported a solid Q2 beat and guided to a 2H 2018 deceleration against tougher storm-driven comps. Fassler expects the stock to have an in-line reaction to the print and said the read through for Lowe's (LOW) suggests an in-line report with his forecast.

HD

Home Depot

$194.11

-2.19 (-1.12%)

LOW

Lowe's

$97.09

-1.23 (-1.25%)

  • 14

    Aug

  • 22

    Aug

HD Home Depot
$194.11

-2.19 (-1.12%)

07/25/18
DBAB
07/25/18
NO CHANGE
DBAB
Deutsche Bank sees risk to Home Depot's and Lowe's Q2 comps
The most recent retail sales industry data suggest that Q2 consensus expectations for Home Depot (HD) and Lowe's (LOW) could be at risk, Deutsche Bank analyst Mike Baker told investors in a research note earlier today. The analyst, however, believes "strong" strong May trends for both companies "provide a bit of a cushion." While earnings reports from Stanley Black & Decker (SWK) and Sherwin-Williams (SHW) provide positive read throughs for the home centers, Whirlpool (WHR) was less encouraging, Baker wrote. The analyst lowered his comp estimates for both Home Depot and Lowe's to below consensus ahead of the Q2 earnings reports. Shares of Home Deport are down 1% to $199.44 in morning trading while Lowe's is down 2% to $98.11.
07/27/18
BARD
07/27/18
NO CHANGE
BARD
GDP report included encouraging data for home improvement retailers, says Baird
Baird analyst Peter Benedict said that the Q2 GDP report included a few encouraging data points on housing that reinforced his positive near- and long-term view on Home Depot (HD) and Lowe's (LOW). Specifically, he points out that growth in private residential investment accelerated to 7.4%year-over-year. Benedict noted that changes in PRI and home center comps have a "strong historical correlation." He also noted that household formation accelerated to an annualized pace of 1.7M in Q2 from about a 1.2M rate in Q1. Benedict has Overweight ratings on both Home Depot and Lowe's.
08/03/18
PIPR
08/03/18
DOWNGRADE
Target $39
PIPR
Neutral
Floor & Decor downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray analyst Peter Keith downgraded Floor & Decor (FND) to Neutral and lowered his price target for the shares to $39 from $58. The analyst, who admits his June upgrade of the stock was wrong, highlights Luxury Vinyl Tile's disruptive nature on the industry and Home Depot's (HD) "strong share gains" in flooring following Floor & Decor's Q2 miss and guide down. The quarter suggests the impact of these dynamics is occurring faster than anticipated, Keith tells investors in a research note. JPMorgan this morning also downgraded Floor & Decor.
08/10/18
OPCO
08/10/18
NO CHANGE
Target $220
OPCO
Outperform
Home Depot price target raised to $220 from $205 at Oppenheimer
Oppenheimer analyst Brian Nagel raised his price target on Home Depot to $220 from $205 ahead of the company's Q2 earnings report, citing his continued confidence in the potential for Home Depot to capitalize on favorable demand dynamics in the home improvement space. In a research note to investors, Nagel said he remains bullish and looks towards the Q2 results as a potential near-term positive catalyst for shares. Nagel has an Outperform rating on Home Depot.
LOW Lowe's
$97.09

-1.23 (-1.25%)

07/18/18
LOOP
07/18/18
NO CHANGE
Target $115
LOOP
Buy
Lowe's price target raised to $115 from $107 at Loop Capital
Loop Capital analyst Laura Champine raised her price target on Lowe's (LOW) to $115 and kept her Buy rating, citing a deeper discounted cash flow model analysis. The analyst also points to the management changes made by the new CEO Marvin Ellison that will transform the company to look like the more efficient competitor Home Depot (HD), while noting the positive macro backdrop of "healthy" home improvement sector with continued ticket growth. Champine adds that the Q1 earnings miss was a factor of adverse weather and will likely be reversed in Q2, and also sees Lowe's stock as attractively valued at 18-times her expected FY18 EPS estimate.
07/24/18
KEYB
07/24/18
NO CHANGE
Target $115
KEYB
Overweight
Lowe's price target raised to $115 from $105 at KeyBanc
KeyBanc analyst Bradley Thomas raised his price target for Lowe's to $115 from $105 as he continues to view it as a company with a favorable backdrop that is also positioned for improved execution, following Marvin Ellison joining as president and CEO on July 2. The analyst believes Q2 results for Lowe's remain on plan, but notes the stock seems to be looking ahead to 2019 and the impact Ellison can make on the business. He reiterates an Overweight rating on the shares.

TODAY'S FREE FLY STORIES

VOYA

Voya Financial

$50.06

-0.4 (-0.79%)

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USG

USG

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ARCE

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$0.00

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MYND

MYnd Analytics

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IP

International Paper

$51.50

0.44 (0.86%)

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10:40
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FCFS

First Cash Financial

$84.25

1.225 (1.48%)

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  • 26

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COG

Cabot Oil & Gas

$22.79

-0.445 (-1.92%)

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VIAB

Viacom

$33.58

1.1 (3.39%)

, VIA

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STM

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IBM

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$151.72

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LNG

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$69.55

1.03 (1.50%)

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10:30
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Crude inventories for week of September 21 »

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AMRN

Amarin

$13.78

0.79 (6.08%)

10:30
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  • 01

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SVMK

SurveyMonkey

$0.00

(0.00%)

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  • 26

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DIS

Disney

$114.48

0.71 (0.62%)

, FOXA

21st Century Fox

$45.37

0.16 (0.35%)

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Disney consents to 21st Century Fox decision to tender 39% stake in Sky »

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FOXA

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$45.37

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SKYAY

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$0.00

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Comcast

$35.45

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FOXA

21st Century Fox

$45.28

0.07 (0.15%)

, FOX

21st Century Fox

$44.86

0.05 (0.11%)

10:25
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21st Century Fox announces intention to accept Comcast offer for Sky stake »

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FOXA

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$45.28

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$44.86

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  • 13

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PTLA

Portola Pharmaceuticals

$28.06

0.36 (1.30%)

10:24
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Conference/Events
William Blair pharmaceuticals analysts to hold analyst/industry conference call »

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SVMK

SurveyMonkey

$0.00

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  • 26

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GDX

Market Vector Gold Miners

$18.65

-0.2 (-1.06%)

10:20
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Options
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10:20
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General news
FX Action: The dollar »

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U.S. new home sales bounced 3.5% to 629k in August »

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FOXA

21st Century Fox

$45.27

0.06 (0.13%)

, CMCSA

Comcast

$35.52

0.13 (0.37%)

10:19
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Hot Stocks
Fox intends to sell Sky stake to Comcast at GBP17.28 per share »

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FOXA

21st Century Fox

$45.27

0.06 (0.13%)

CMCSA

Comcast

$35.52

0.13 (0.37%)

DIS

Disney

$114.51

0.74 (0.65%)

FOX

21st Century Fox

$44.86

0.05 (0.11%)

CMCSK

Comcast

$0.00

(0.00%)

SKYAY

Sky

$0.00

(0.00%)

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  • 13

    Nov

WU

Western Union

$18.68

-0.09 (-0.48%)

10:18
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Periodicals
Western Union hired adviser to sell business-payments arm, Bloomberg reports »

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TSLA

Tesla

$305.52

4.47 (1.48%)

10:17
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Trucking industry disputes Musk's shortage claims for delivery delays, LAT says »

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SVMK

SurveyMonkey

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