The dwelling-improvement pattern that has lifted stocks this sort of as Lowe’s and
may possibly be on its final legs.
Analysts at Wedbush Securities assume variations in household expending will harm both of those corporations. The brokerage downgraded Lowe’s inventory (ticker: Reduced) to Neutral from Outperform on Monday, whilst retaining their Neutral rating on Household Depot shares.
Not only are much less households wanting to outfit home workplaces than at this time last yr, turnover in the market for present