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HD

Home Depot

$206.70

0.65 (0.32%)

, LOW

Lowe's

$113.98

0.44 (0.39%)

05:51
04/25/19
04/25
05:51
04/25/19
05:51

Baird boosts Home Depot, Lowe's price targets after 'positive' checks

Baird analyst Peter Benedict is "increasingly comfortable" with Q1 comp expectations for Home Depot (HD) and Lowe's (LOW) after his firm's channel checks on early spring seasonal demand have been "positive." Further, broader indicators of industry sales suggest improved trends as Q1 progressed, Benedict tells investors in a research note. While some consolidation of recent share gains is possible near-term, investors should stay involved with macro demand drivers improving, says Benedict. He raised his price target for Home Depot to $220 from $200 and for Lowe's to $133 from $126. The analyst keeps Outperform ratings on both names.

HD

Home Depot

$206.70

0.65 (0.32%)

LOW

Lowe's

$113.98

0.44 (0.39%)

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    May

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  • 29

    May

HD Home Depot
$206.70

0.65 (0.32%)

03/20/19
EVER
03/20/19
INITIATION
Target $215
EVER
Outperform
Home Depot initiated with an Outperform at Evercore ISI
Evercore ISI analyst Greg Melich started Home Depot with an Outperform rating and $215 base case price target, stating the he believes fears of the peak of the housing cycle and tough first half compares appear to be in the stock. Home Depot has reinvented itself into a "benchmark multichannel consumer company," Melich contends in his initiation note.
04/01/19
SBSH
04/01/19
UPGRADE
Target $18
SBSH
Neutral
Bed Bath & Beyond upgraded to Neutral from Sell at Citi
Citi analyst Geoff Small upgraded Bed Bath & Beyond (BBBY) to Neutral from Sell and raised his price target for the shares to $18 from $10 after taking over coverage of the name. Citi transferred coverage of Broadlines & Hardlines Retail names to Small. The analyst assumed coverage with Buy ratings on AutoZone (AZO), BJ's Wholesale (BJ), Home Depot (HD), Lowe's (LOW), O'Reilly Automotive (ORLY) and Walmart (WMT). The U.S. consumer remains on "solid footing" amid low unemployment, rising wages, declining gas prices, manageable levels of debt, and elevated consumer confidence, Small tells investors in a research note. However, he points out that we are in the ninth year of the current economic expansion and "the possibility of a macroeconomic slowdown cannot be ignored." The analyst prefers retailers operating in "defensive sectors that are less susceptible to disruption by online competitors," namely auto parts, broadlines and home improvement retail. Small also assumed Advance Auto Parts (AAP), Best Buy (BBY), Costco (COST) and Office Depot (ODP) with Neutral ratings.
04/03/19
ROTH
04/03/19
UPGRADE
Target $3
ROTH
Buy
Roth Capital upgrades Orion Energy on improved visibility from Home Depot pact
Roth Capital analyst Craig Irwin upgraded Orion Energy (OESX) to Buy from Neutral after the company announced that it has expanded the retrofit of "a national account customer's" lighting systems and anticipates additional revenue of $35M under the contract. The analyst, who believes the follow-on order comes from Home Depot (HD), now sees healthy visibility for a return to profitability for Orion. To reflect the improved revenue visibility, Irwin increased his price target on Orion shares to $3 from $1.
04/15/19
MSCO
04/15/19
NO CHANGE
MSCO
Morgan Stanley ups Home Depot, Lowe's price targets following contractor survey
Morgan Stanley analyst Simeon Gutman raised his price target on Floor & Decor (FND) to $38 from $36, increased his target on Home Depot (HD) to $210 from $200 and hiked his target on Lowe's (LOW) to $123 from $115 after the firm's AlphaWise Contractor Survey pointed to "tepid home improvement activity" over the past three months but 54% of those surveyed said they expect activity to improve over the next three months. The survey has generally been a reliable leading indicator of home improvement trends, said Gutman, who anticipates strong demand in the Spring. He keeps Overweight ratings on Home Depot and Lowe's and keeps an Equal Weight rating on Floor & Decor.
LOW Lowe's
$113.98

0.44 (0.39%)

03/19/19
MSCO
03/19/19
NO CHANGE
Target $115
MSCO
Overweight
Morgan Stanley gaining confidence in Lowe's margin improvement path
Morgan Stanley analyst Simeon Gutman said his Lowe's store checks point to multiple positive changes and that his conversations with CEO Marvin Ellison and CFO David Denton reaffirm the store-level improvements he has observed, leading him to gain confidence in the company's path to higher margins. Though he said "turnarounds are never easy," Gutman believes Lowe's seems to have a reasonable amount of "low hanging fruit." He maintains an Overweight rating and $115 price target on Lowe's shares.
03/20/19
EVER
03/20/19
INITIATION
Target $120
EVER
Outperform
Lowe's initiated with an Outperform at Evercore ISI
Evercore ISI analyst Greg Melich started Lowe's with an Outperform rating and $120 base case price target, stating the he believes the market will take stock of new CEO Marvin Ellison's focus on execution, team building, and strategy. Lowe's turnaround story appears "very compelling," given that "mid-single digit sales and margin growth is not easily found in U.S. retail today," Melich stated.

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$0.00

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TCDA

Tricida

$35.08

-0.07 (-0.20%)

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CTL

CenturyLink

$10.91

0.16 (1.49%)

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MORF

Morphic Holdings

$0.00

(0.00%)

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  • 26

    Jun

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    Jun

WBA

Walgreens Boots Alliance

$52.40

-0.59 (-1.11%)

, MKC

McCormick

$150.58

-2.545 (-1.66%)

20:25
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Walgreens Boots Alliance

$52.40

-0.59 (-1.11%)

MKC

McCormick

$150.58

-2.545 (-1.66%)

CAG

Conagra Brands

$28.94

0.035 (0.12%)

PDCO

Patterson Companies

$24.90

0.7 (2.89%)

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ADPT

Adaptive Biotechnologies

$0.00

(0.00%)

20:17
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Syndicate
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  • 26

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BBIO

BridgeBio

$0.00

(0.00%)

20:15
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Syndicate
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  • 26

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CHNG

Change Healthcare

$0.00

(0.00%)

20:14
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INXN

Interxion

$73.09

-1.97 (-2.62%)

20:11
06/26/19
06/26
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Interxion 4M share Secondary priced at $72.75 »

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  • 27

    Jun

LECO

Lincoln Electric

$80.24

0.1 (0.12%)

20:09
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06/26
20:09
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Lincoln Electric rating change at KeyBanc »

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CMCSA

Comcast

$42.11

-0.64 (-1.50%)

, CMCSK

Comcast

$0.00

(0.00%)

18:55
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18:55
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Periodicals
MSNBC charging markup for ads in first two Dem debates, WSJ says »

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CMCSA

Comcast

$42.11

-0.64 (-1.50%)

CMCSK

Comcast

$0.00

(0.00%)

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MLHR

Herman Miller

$37.86

0.75 (2.02%)

, KBH

KB Home

$23.58

-0.24 (-1.01%)

18:51
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Herman Miller

$37.86

0.75 (2.02%)

KBH

KB Home

$23.58

-0.24 (-1.01%)

PECK

Peck

$6.50

0.18 (2.85%)

VRCA

Verrica Pharmaceuticals

$9.44

-0.1 (-1.05%)

PIR

Pier 1 Imports

$8.80

0.14 (1.62%)

RAD

Rite Aid

$7.11

0.26 (3.80%)

ACRS

Aclaris Therapeutics

$4.45

0.06 (1.37%)

BA

Boeing

$375.05

5.68 (1.54%)

03/08/13
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OXY

Occidental Petroleum

$50.42

1.05 (2.13%)

, APC

Anadarko

$70.50

0.41 (0.58%)

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OXY

Occidental Petroleum

$50.42

1.05 (2.13%)

APC

Anadarko

$70.50

0.41 (0.58%)

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  • 27

    Aug

PIR

Pier 1 Imports

$8.80

0.14 (1.62%)

18:15
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  • 26

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FB

Facebook

$187.60

-1.27 (-0.67%)

, AMZN

Amazon.com

$1,897.51

18.25 (0.97%)

18:08
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Periodicals
Facebook in talks to lease office space in Hudson Yards, WSJ reports »

Facebook (FB) is in…

FB

Facebook

$187.60

-1.27 (-0.67%)

AMZN

Amazon.com

$1,897.51

18.25 (0.97%)

03/08/13
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NOMD

Nomad Foods

$20.34

-0.24 (-1.17%)

18:05
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06/26
18:05
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Nomad Foods initiated at Goldman Sachs »

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ISTR

Investar Holding

$23.35

0.23 (0.99%)

18:04
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Investar Holding increases quarterly dividend 5% to 5.5c per share »

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ISTR

Investar Holding

$23.35

0.23 (0.99%)

18:02
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06/26
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Hot Stocks
Investar Holding authorizes additional 300,000 share repurchase »

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GD

General Dynamics

$178.77

1.12 (0.63%)

18:00
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General Dynamics awarded $217M Air Force Intelligence System Support contract »

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TM

Toyota

$123.23

-0.68 (-0.55%)

, SFTBF

SoftBank

$0.00

(0.00%)

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Periodicals
5 Japanese car makers to invest in Toyota-SoftBank self-driving JV, NAR says »

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TM

Toyota

$123.23

-0.68 (-0.55%)

SFTBF

SoftBank

$0.00

(0.00%)

MZDAF

Mazda

$0.00

(0.00%)

SZKMF

Suzuki

$0.00

(0.00%)

FUJHY

Subaru

$0.00

(0.00%)

ISUZY

Isuzu Motors

$0.00

(0.00%)

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UAL

United Continental

$85.32

0.27 (0.32%)

, BA

Boeing

$375.05

5.68 (1.54%)

17:47
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United takes 737 MAX off flying schedule until September 3, Reuters says »

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UAL

United Continental

$85.32

0.27 (0.32%)

BA

Boeing

$375.05

5.68 (1.54%)

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NOMD

Nomad Foods

$20.34

-0.24 (-1.17%)

17:43
06/26/19
06/26
17:43
06/26/19
17:43
Initiation
Nomad Foods initiated at Goldman Sachs »

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AMC

AMC Entertainment

$9.45

-0.03 (-0.32%)

, HMNY

Helios and Matheson

$0.00

(0.00%)

17:43
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AMC

AMC Entertainment

$9.45

-0.03 (-0.32%)

HMNY

Helios and Matheson

$0.00

(0.00%)

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SECCF

Serco Group

$0.00

(0.00%)

, BAESY

BAE Systems

$0.00

(0.00%)

17:41
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17:41
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Serco Group, BAE Systems awarded not exceed $747.1M combined Navy contracts »

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Serco Group

$0.00

(0.00%)

BAESY

BAE Systems

$0.00

(0.00%)

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