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HD

Home Depot

$199.44

-1.02 (-0.51%)

, LOW

Lowe's

$111.35

-0.99 (-0.88%)

07:34
05/07/19
05/07
07:34
05/07/19
07:34

Home Depot, Lowe's price targets lowered at RBC Capital

RBC Capital analyst Scot Ciccarelli lowers his price targets on Buy-rated Home Depot (HD) to $217 from $223 and Lowe's (LOW) to $120 from $124 to reflect the adverse weather related impact as well as moderating macro trends. The analyst cites moderation in home price growth and Private Fixed Residential Investment trends, warning that while some home sales will be pushed into Q2, the comparable in the quarter from last year is "sizable." Ciccarelli adds that after nearly a decade of outperformance, earnings growth rates of 15%-20% for the home improvement industry may be over.

HD

Home Depot

$199.44

-1.02 (-0.51%)

LOW

Lowe's

$111.35

-0.99 (-0.88%)

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HD Home Depot
$199.44

-1.02 (-0.51%)

05/02/19
WELS
05/02/19
NO CHANGE
Target $215
WELS
Outperform
Home Depot price target raised to $215 from $205 at Wells Fargo
Wells Fargo analyst Zachary Fadem raised his price target for Home Depot to $215 from $205 after hosting investor meetings with the company's Regional Vice President Dave Rebtoy and members of the Investor Relations team. The analyst notes that choppy Q1 weather should not be a surprise at this point, but Home Depot appears confident that the bathtub effect holds in 1H, with anticipated comp acceleration in the second half of the year. Fadem also believes the company's playbook will improve Pro penetration, store productivity and expanding fulfillment options is making notable progress, and while the retirement of long time CFO Carol Tome marks the end of an era, successor Richard McPhail has been long viewed as the obvious internal choice. He reiterates an Outperform rating on the shares.
04/25/19
BARD
04/25/19
NO CHANGE
Target $220
BARD
Outperform
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.
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.
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.
LOW Lowe's
$111.35

-0.99 (-0.88%)

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.
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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$42.50

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T2 Biosystems

$1.91

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