Oppenheimer downgrades Home Depot, Lowe’s on a ‘post-pandemic reset’ in home improvement retail

On Friday, Oppenheimer downgraded both Home Depot and Lowe’s to perform from outperform and lowered their price targets marginally. The firm disclosed that it still finds both companies favorable in the intermediate to longer-term stance, as shifts in consumer demands in the real estate and home improvement space are going to continue to fluctuate. Yahoo Finance’s Final Round panel break down the firm’s call and discuss the details.

Video Transcript

MYLES UDLAND: All right, welcome back to The Final Round here on Yahoo Finance. Time now for our call of the day. And today, we’re talking about Oppenheimer’s latest shares of Home Depot and Lowe’s, the firm downgrading both stocks to perform from– outperform. So overall, basically, kind of, I guess, pulling back maybe on these two names and saying that the boom we saw in the home improvement space during the early part of the pandemic is likely to

Read More

Home Depot, Lowe’s Shares Ease After Oppenheimer Downgrade

Shares of Home Depot  (HD) – Get Report and Lowe’s  (LOW) – Get Report were gently pressured Friday after analysts at Oppenheimer downgraded the home-improvement retailers on concern about near-term risks. 

Home Depot and Lowe’s were both downgraded to perform from outperform. Home Depot’s price target was lowered to $305 from $320 and Lowe’s to $180 from $185. 

“To be clear, our favorable intermediate- to longer-term stance for the group
and HD and LOW is unchanged,” analyst Brian Nagel said. 

‘However, nearer term, we’re increasingly concerned
that the market is becoming too lax toward chances of a post-covid-19 sales growth
downshift at HD/LOW and [the] potential impact on shares,”

In a “post-pandemic reset” for home retail, Oppenheimer has a more favorable outlook for Lowe’s than Home Depot given its strengthening margins and discounted valuation. 

The firm lowered its fiscal 2021 earnings EPS estimate for Home Depot

Read More

Home Improvement Products Market In-Depth Analysis including key players Home Depot, LoweaEUR(TM)s, Inside Tweedy and Popp Hardware

The MarketWatch News Department was not involved in the creation of this content.

Sep 22, 2020 (Market Insight Reports) —

JCMR Recently announced Global Home Improvement Products Market Report is an objective and in-depth study of the current state aimed at the major drivers, market strategies, and key players growth. The study also involves the important Achievements of the market, Research & Development, new product launch, product responses and regional growth of the leading competitors operating in the market on a universal and local scale. The structured analysis contains graphical as well as a diagrammatic representation of worldwide Home Improvement Products Market with its specific geographical regions including following key players Home Depot, LoweaEUR(TM)s, Inside Tweedy and Popp Hardware, Ace Hardware, Rona, Canadian Tire, Homebase, Wickes, Bauhaus, Bricostore, Praxis, Alibaba, EBay, Amazon, Bunnings Warehouse , .

[Due to the pandemic, we have included a special section on the Impact of

Read More