Lowe's downgraded on performance against Home Depot
Lowe's (LOW) has received a downgrade from D.A. Davidson, lowering its rating on the stock from Buy to Neutral. The firm cited expectations for a potential pause in the company's momentum. D.A. Davidson Managing Director and Senior Research Analyst Michael Baker joins Market Domination to discuss the call.
Baker notes Lowe's has been "a great stock," adding that the company has outperformed its close rival, Home Depot (HD), significantly closing the margin gap between the two companies. However, he expresses skepticism about Lowe's ability to narrow the rest of the margin.
Baker praises Lowe's current management team as "brilliant," crediting it for the company's success since CEO Marvin Ellison joined in 2018. However, he notes the company is now becoming a "victim of their own success." Baker recommends that Lowe's shift its focus to the Pro segment, an area where Home Depot currently holds a stronger position.
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Видео Lowe's downgraded on performance against Home Depot канала Yahoo Finance
Baker notes Lowe's has been "a great stock," adding that the company has outperformed its close rival, Home Depot (HD), significantly closing the margin gap between the two companies. However, he expresses skepticism about Lowe's ability to narrow the rest of the margin.
Baker praises Lowe's current management team as "brilliant," crediting it for the company's success since CEO Marvin Ellison joined in 2018. However, he notes the company is now becoming a "victim of their own success." Baker recommends that Lowe's shift its focus to the Pro segment, an area where Home Depot currently holds a stronger position.
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Get the latest news and data at finance.yahoo.com
- Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)
- Follow Yahoo Finance on social:
X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance
#lowes #homedepot #yahoofinance
Видео Lowe's downgraded on performance against Home Depot канала Yahoo Finance
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