Stifel downgrades Lowe's to 'Sell'; maintains cautious stance on Home Depot
HD Home Depot Inc
$348.69 +0.12%
View chart & analysis → - 1Stifel downgraded Lowe's from 'Hold' to 'Sell' ahead of its fiscal third-quarter earnings release next week.
- 2While Lowe's stock has risen 21.9% since October 7, Stifel projected fiscal 2028 adjusted EPS estimates 8% lower than the consensus.
- 3Lowe's and Home Depot rose since October 7, contrasting with the S&P 500's 2.7% decline, placing them in the top 96th percentile of valuation ranges relative to the S&P 500 over five years.
So what's the key point?
Stifel recommended selling Lowe's stock. This is because they believe the company's profits will be 8% lower than what experts expect, making the stock look expensive.
Source Investing.com +1 · View original ↗
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