Customer Age Lowes Vs Home Depot
Shares of Lowe's (LOW) are bottomward on Wednesday: Although the home advance banker acquaint better-than-expected balance this week, they still trailed Home Depot's (HD) results, abrogation some analyst to admiration if Lowe's can anytime bolt up to its bigger rival.
Put SunTrust Robinson Humphrey analyst Keith Hughes in the agnostic camp. He common a Hold appraisement and $80 amount ambition on Lowe's today, but he bargain his fourth-quarter balance per allotment estimates for the stock, citation its guidance, which adumbrated "very modest" aforementioned abundance sales growth, beneath Street expectations and Home Depot's outlook.
From his note:
By contrast, RBC Capital Markets' Scot Ciccarelli acknowledges the gap amid the two retailers, but still thinks that the Street isn't giving Lowe's abundant credit. He common an Outperform appraisement on the banal today, and aloft his amount ambition by $5, to $89.
From his note:
So which is right? Well it depends on your outlook. Looking at the abiding picture, Home Depot has acquired 21% in the accomplished ten years, while Lowe's has risen 14.8% on a absolute acknowledgment basis--but both calmly exhausted the S&P 500's 8.6% return.
Lowe's is bottomward 1.1% in afternoon trading, while Home Depot is falling 0.3%.
