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LOW

Lowe's

$94.83

-2.97 (-3.04%)

, HD

Home Depot

$192.01

3.21 (1.70%)

07:24
05/24/19
05/24
07:24
05/24/19
07:24

Lowe's price target lowered to $120 from $128 at SunTrust

SunTrust analyst Keith Hughes lowered his price target on Lowe's to $120, saying that while the company's Q1 comps were better than expected, lower margins from "insufficient pricing visibility" made the earnings miss worse in highlighting the "disorganization" in the management's turnaround efforts. The analyst keeps his Buy rating on Lowe's, but acknowledges that the recovery will not be a "quick story", even though he is positive on the re-set of expectations and maintains that the 10% projected earnings growth this year still tops Home Depot's (HD) expected flat growth.

LOW

Lowe's

$94.83

-2.97 (-3.04%)

HD

Home Depot

$192.01

3.21 (1.70%)

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LOW Lowe's
$94.83

-2.97 (-3.04%)

05/22/19
DADA
05/22/19
NO CHANGE
Target $79
DADA
Buy
Trex Company's second half and 2020 'looking strong,' says DA Davidson
DA Davidson analyst Kurt Yinger kept his Buy rating and $79 price target on Trex Company (TREX), saying the recent Q1 results from Home Depot (HD) highlighted a "healthy" underlying repair and remodel market with "solid" comps in April recovering from weather related constraints. The analyst expects production issues to weigh on Trex's first half but believes that the back half of 2019 and 2020 will be strong. Yinger cites the "underlying repair and remodel demand/spend", the shifting trend in deck repair to composite from wood, and the company's ability to gain market share with shelf space wins at Lowe's (LOW) along with "expanded stocking positions within the dealer channel."
05/22/19
BARD
05/22/19
NO CHANGE
Target $127
BARD
Outperform
Lowe's price target lowered to $127 from $133 at Baird
Baird analyst Peter Benedict lowered his price target for Lowe's to $127 from $133 as Q1 results served as "a reminder that turnarounds are rarely linear," and there is "still some heavy lifting to be done" as new management works to transform the company into a best-in-class retailer. That said, the analyst believes top-line momentum is "encouraging," and the margin challenges that surfaced seem rectifiable. Benedict continues to view Lowe's as a "compelling self-help/turnaround story" and recommend using the weakness in the shares as a "good long-term buying opportunity." He reiterates an Outperform rating on the shares.
05/23/19
WEDB
05/23/19
NO CHANGE
Target $105
WEDB
Neutral
Lowe's price target lowered to $105 from $100 at Wedbush
Wedbush analyst Seth Basham lowered his price target for Lowe's to $105 from $110 after the company's Q1 EPS fell well short of consensus, driven by sharp gross margin declines stemming primarily from inadequate price increases to offset higher product costs due to systems limitations and significant turnover on the merchandising team. While this issue appears mostly transitory in nature, it could bleed into Q3, he contends. The analyst reiterates a Neutral rating on the shares.
05/23/19
MSCO
05/23/19
NO CHANGE
Target $123
MSCO
Overweight
Morgan Stanley stays Overweight on Lowe's despite weaker gross margin view
Morgan Stanley analyst Simeon Gutman acknowledged that Lowe's reported "material, unanticipated" gross margin weakness in Q1 and revised its outlook for weaker gross margins in 2019. He thinks management has been hyper focused on top-line growth, to the detriment of margins, in the early stages of their transformation plan, but Gutman believes the gross margin weakness anticipated in 2019 is transitory. The margin issues overshadowed solid comps and expense leverage in Q1, contends the analyst, who said the margin setback does not change his Overweight thesis given his view that EPS should rebound next year. Gutman has a $123 price target on Lowe's shares.
HD Home Depot
$192.01

3.21 (1.70%)

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.
05/07/19
RBCM
05/07/19
NO CHANGE
RBCM
Outperform
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.
05/07/19
JPMS
05/07/19
NO CHANGE
JPMS
JPMorgan lowers Q1 comp estimates for Home Depot and Lowe's
To reflect "not-so-cooperative" weather and a softer backdrop following his firm's annual Spring tours, JPMorgan analyst Christopher Horvers lowered his U.S. Q1 comp estimate for Home Depot (HD) to 3.7% from 4.0% and for Lowe's to 2.7% from 3.2%. The analyst keeps an Overweight rating on Home Depot with a $203 price target and Neutral rating on Lowe's with a $104 price target.

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