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Stock Market & Financial Investment News

News Breaks
July 10, 2014
06:48 EDTTSCO, LOW, LL, HDHome Depot, Lowe's estimates lowered at Deutsche Bank
Deutsche Bank lowered its estimates for both Home Depot (HD) and Lowe's (LOW) after Tractor Supply (TSCO) and Lumber Liquidators (LL) preannounced Q2 comp misses. The firm says that while the business models are different, Tractor Supply and Lumber Liquidators have historically correlated positively with Home Depot and Lowe's on comps. Deutsche calls its negative earnings revisions "relatively minor," as it thinks comps are probably holding up better at Home Depot and Lowe's. It keeps a Buy rating on Home Depot and a Hold rating on Lowe's.
News For HD;LOW;TSCO;LL From The Last 14 Days
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June 30, 2015
10:00 EDTLOWOn The Fly: Analyst Upgrade Summary
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08:03 EDTLOWLowe's upgraded to Outperform at BMO Capital
As previously reported, BMO Capital upgraded Lowe's (LOW) to Outperform and increased its price target to $81 from $73. The firm's State Economic Scoreboard research indicates stronger relative housing improvement and overall economic activity in Southeastern states, where Lowe's has a larger store footprint. The firm said sales to the Pro segment could accelerate and potentially narrow the gap in comp-store sales with Home Depot (HD) if growth broadens in the coming months. Additionally, strengthening Q2 housing metrics and robust relative traffic give the firm increased confidence in its 4% Q2 comp-store sales forecast for Lowe's.
06:02 EDTLOWLowe's upgraded to Outperform from Market Perform at BMO Capital
June 24, 2015
10:21 EDTLOWLowe's says more focused on asset productivity rather than square footage
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June 23, 2015
07:15 EDTLOWOppenheimer to hold a conference
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June 18, 2015
08:10 EDTTSCOTractor Supply management to meet with Stephens
Meetings to be held in Kansas City on June 18 and in Denver on June 19 hosted by Stephens.

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