Lowe’s Cos. Home Depot vs. Lowe’s: Which home improvement stock to own into earnings?
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Wolfe Research is bullish on the home improvement sector, favoring Lowe’s over Home Depot ahead of earnings. They raised Lowe’s same-store sales forecast to 1.0% due to improving DIY trends and seasonal demand, while Home Depot's estimate remains at 0.5%. Wolfe maintained 'Outperform' ratings for both, raising price targets to $416 for Home Depot and $288 for Lowe’s. Despite challenges in the housing market, mixed signals in the industry suggest potential near-term sales momentum.
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