Stifel downgrades Lowe’s to Sell, stays cautious on Home Depot ahead of earnings
In short
Stifel has formally reduced its investment rating on Lowe’s to a Sell as the company approaches its financial reporting date. Concurrently, the firm chose to keep a cautious stance regarding rival retailer Home Depot. Both home improvement giants are currently gearing up to release their upcoming earnings results to investors.
Key points
- Lowe’s faces increased analyst skepticism with an official downgrade right before its ear…: Lowe’s faces increased analyst skepticism with an official downgrade right before its earnings announcement.
- Home Depot remains under cautious observation by Stifel analysts ahead of its upcoming re…: Home Depot remains under cautious observation by Stifel analysts ahead of its upcoming report.
- Financial results from both major retailers will provide clarity on the home improvement…: Financial results from both major retailers will provide clarity on the home improvement sector.