Home Depot Inc. and Lowe’s Cos. stocks lost ground Monday after Oppenheimer downgraded the two construction-material and hardware giants to perform from outperform and cut their target prices. Upcoming initial 2024 guidance from Home Depot and Lowe’s “could prove unfavorable catalysts for shares.” Home Depot is due to release its […]
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Telsey Advisory Group downgraded HD and LOW to “market perform” from “outperform” The shares of home improvement retailers Home Depot Inc (NYSE:HD) and Lowe’s Companies Inc (NYSE:LOW) are taking a hit today, after Telsey Advisory Group downgraded both to “market perform” from “outperform.” The analyst in coverage expects a slow-down […]
Telsey Advisory Group says it’s moving to the sidelines on Home Depot and Lowe’s . Analyst Joseph Feldman downgraded both stocks to market perform from outperform. He maintained his price target for Home Depot shares at $315, which implies 4.3% downside from Monday’s close. He also kept his price target […]
