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LOW

Lowe's

$86.15

-5.19 (-5.68%)

, HD

Home Depot

$169.17

-4.45 (-2.56%)

06:21
11/21/18
11/21
06:21
11/21/18
06:21

Lowe's downgraded to Hold from Buy at Stifel

Stifel analyst John Baugh downgraded Lowe's (LOW) to Hold from Buy and lowered his price target for the shares to $92 from $125. The company's "poor" Q3 results indicate near term execution risks are higher and the macro backdrop is unlikely to improve in the near term either, Baugh tells investors in a post-earnings research note. With macro concerns and execution worries, the analyst feels "it is prudent to step aside on the name at this time." Home Depot (HD) has "widened the gap on performance and it will take some heavy lifting to reverse course," Baugh contends.

LOW

Lowe's

$86.15

-5.19 (-5.68%)

HD

Home Depot

$169.17

-4.45 (-2.56%)

LOW Lowe's
$86.15

-5.19 (-5.68%)

11/08/18
11/08/18
DOWNGRADE
Target $95

Hold
Lowe's downgraded to Hold from Accumulate at Gordon Haskett
Gordon Haskett analyst Chuck Grom downgraded Lowe's (LOW) to Hold from Accumulate and lowered his price target on the stock to $95 from $117 due to uncertainty around the housing market and expectations for a near-term slowing in remodeling activity as well as valuation. He also said he prefers to own Home Depot (HD), which Grom believes is "investing offensively" and sees being better positioned to navigate a potentially choppy housing environment.
11/12/18
RBCM
11/12/18
NO CHANGE
Target $110
RBCM
Outperform
Home Depot, Lowe's price targets lowered at RBC Capital on softer housing
RBC capital analyst Scot Ciccarelli lowered his price target on Home Depot (HD) to $208 from $218 and Lowe's (LOW) to $110 from $123 to reflect the weakness in the U.S. housing stocks amid signs of softness in the broader housing market. The analyst notes that as mortgage rates rise, it is "completely reasonable to expect home sales to slow". Ciccarelli keeps his Outperform rating on both companies however, stating that the more critical aspects to their performance - existing home inventory levels, home price appreciation and PFRI, or Private Fixed Residential Investment, growth - all remain positive. The analyst adds that much of the housing market softness is in the new construction, where the companies have only modest exposure.
11/20/18
LOOP
11/20/18
NO CHANGE
Target $125
LOOP
Buy
Investors should step into Lowe's despite 'messy' quarter, says Loop Capital
Loop Capital analyst Laura Champine lowered her price target for Lowe's to $125 from $130 following the company's Q3 results, which she says had a lot of moving parts. However, investors should step into the stock as the new leadership at Lowe's is "wasting no time in cleaning up operations and the inventory mix," Champine tells investors in a post-earnings research note titled "Messy Quarter as LOW Jettisons Excess Operations." She reduced her earnings estimates to reflect slightly lower sales and margin assumptions but reiterates a Buy rating on the name.
11/20/18
BARD
11/20/18
NO CHANGE
Target $120
BARD
Outperform
Baird a buyer of Lowe's on post-earnings pullback
Baird analyst Peter Benedict lowered his price target on Lowe's shares to $120 from $130 after the company reported mixed Q3 results, with adjusted EPS topping consensus and comp growth of 1.5% that fell short of the consensus forecast of 2.8%. While it is unrealistic to expect that many of the company's chronic and long-standing issues will be fixed overnight, Benedict said he remains a buyer of what he calls a "self-help" story and keeps an Outperform rating on Lowe's shares.
HD Home Depot
$169.17

-4.45 (-2.56%)

11/14/18
STFL
11/14/18
NO CHANGE
Target $200
STFL
Buy
Home Depot price target lowered to $200 from $225 at Stifel
Stifel analyst John Baugh said Home Depot reported a number of positive trends in Q3 and while he is less concerned over Q4 guidance, noting that the company tends to "under promise and over deliver," he does see it as prudent to modestly lower his comparable sales growth assumptions for 2019 to reflect the lower lumber prices, foreign exchange headwinds and expectations for housing price growth to modestly slow. He lowered his price target on Home Depot to $200 from $225, but keeps a Buy rating on the name.
11/14/18
SBSH
11/14/18
NO CHANGE
Target $226
SBSH
Buy
Home Depot weakness on housing concerns a buying opportunity, says Citi
Citi analyst Kate McShane attributes the post-earnings weakness yesterday in shares of Home Depot to ongoing concern over the U.S. housing market and the prospects for growth in home improvement spend over the next year. While housing trends have been mixed in recent months, Home Depot management's outlook remains constructive, McShane tells investors in a research note. She sees a buying opportunity in the shares following the weakness yesterday and reiterates a Buy rating on the name. The analyst trimmed her price target for the shares to $226 from $227.
11/16/18
BOFA
11/16/18
DOWNGRADE
Target $195
BOFA
Neutral
Home Depot downgraded to Neutral from Buy at BofA/Merrill
BofA/Merrill analyst Elizabeth Suzuki downgraded Home Depot to Neutral from Buy and reduced her price target to $195 from $219 saying peak growth has passed. Suzuki believes 2018 was a peak earnings growth year and 2017 was a likely peak in comps, coinciding with a peak in house sales. The analyst expects home improvement conditions to soften in 2H 2019 and for earnings beats to get smaller, keeping investors on the sidelines.
11/16/18
11/16/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Home Depot (HD) downgraded to Neutral from Buy at BofA/Merrill with analyst Elizabeth Suzuki saying peak growth has passed. 2. J.C. Penney (JCP) downgraded to Sell from Hold at Argus with analyst John Eade saying he anticipates continued losses for the stock for the next two years while also warning that at a current share price below $2, the company is operating with a more elevated risk. 3. Nvidia (NVDA) was downgraded to Neutral from Buy at B. Riley FBR and to Buy from Conviction Buy at Goldman Sachs. 4. Michael Kors (KORS) downgraded to Perform from Outperform at Oppenheimer with analyst Brian Nagel saying he is "concerned" that ongoing challenges with inventory management and replenishment at the company's namesake brand and softness within fashion watches will weigh on top-line trends and potentially margins, just as management begins the integration of Versace. 5. TSMC (TSM) was downgraded to Equal Weight from Overweight at Morgan Stanley while UMC (UMC) was downgraded to Underweight from Equal Weight. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

BNFT

Benefitfocus

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AGCO

Agco

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2.7 (5.01%)

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NVS

Novartis

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-0.4 (-0.47%)

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SQ

Square

$59.91

1.28 (2.18%)

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  • 18

    Dec

PAYX

Paychex

$64.32

-0.63 (-0.97%)

, GIS

General Mills

$36.70

-0.03 (-0.08%)

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  • 19

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FSNUY

Fresenius SE

$0.00

(0.00%)

20:21
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BNFT

Benefitfocus

$49.88

-1.99 (-3.84%)

20:19
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Recommendations
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  • 18

    Dec

FN

Fabrinet

$51.13

2.17 (4.43%)

20:06
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SEE

Sealed Air

$33.96

0.17 (0.50%)

19:38
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Upgrade
Sealed Air rating change at BMO Capital »

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CAT

Caterpillar

$124.29

-0.2 (-0.16%)

19:31
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XOM

Exxon Mobil

$71.99

-2.01 (-2.72%)

19:10
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Exxon tells EPA it opposes weakening Obama-era emissions rules, Reuters says »

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  • 10

    Feb

CBS

CBS

$46.21

-0.6 (-1.28%)

, DIS

Disney

$109.43

-1.2 (-1.08%)

19:07
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Periodicals
CBS poised to ramp up CEO search after denying Moonves severance, Bloomberg says »

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$46.21

-0.6 (-1.28%)

DIS

Disney

$109.43

-1.2 (-1.08%)

FOX

21st Century Fox

$48.49

-0.29 (-0.59%)

FOXA

21st Century Fox

$48.78

-0.22 (-0.45%)

TRCO

Tribune Media

$45.25

-0.08 (-0.18%)

03/08/13
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  • 19

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  • 05

    Feb

JBL

Jabil

$22.21

0.65 (3.01%)

, SCS

Steelcase

$14.19

0.02 (0.14%)

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JBL

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$22.21

0.65 (3.01%)

SCS

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$14.19

0.02 (0.14%)

ADMS

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$8.11

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ANGI

Angi Homeservices

$15.64

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MU

Micron

$34.12

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LRCX

Lam Research

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2.39 (1.76%)

AMAT

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$33.27

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FDX

FedEx

$185.01

2.81 (1.54%)

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$97.25

0.33 (0.34%)

SURF

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$7.35

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GSAT

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$0.36

0.0082 (2.34%)

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  • 18

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CBS

CBS

$46.21

-0.6 (-1.28%)

18:45
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  • 19

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AMTB

Mercantil Bank

$12.00

-0.3 (-2.44%)

18:41
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  • 21

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QDEL

Quidel

$50.00

0.9 (1.83%)

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AAOI

Applied Optoelectronics

$15.40

-1.73 (-10.10%)

, ACIA

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$39.32

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FN

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FNSR

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  • 10

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WGO

Winnebago

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  • 19

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CVS

CVS Health

$69.55

-1.12 (-1.58%)

, AET

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$0.00

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  • 07

    Jan

FDX

FedEx

$185.01

2.81 (1.54%)

, AMZN

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  • 18

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VZ

Verizon

$55.67

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  • 07

    Jan

CE

Celanese

$85.39

0.98 (1.16%)

18:02
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FDX

FedEx

$185.01

2.81 (1.54%)

17:55
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  • 18

    Dec

FDX

FedEx

$185.01

2.81 (1.54%)

17:52
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  • 18

    Dec

VVV

Valvoline

$19.00

0.21 (1.12%)

17:51
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