Home Depot’s Earnings Hit Lowe’s Stock Too. Here’s Why.
Home Depot’s downbeat forecast sent a chill through the home-improvement sector and the wider market last week. That pushed down Lowe’s stock, albeit temporarily, and led to lower expectations for the rival retailer’s coming results, slated for early Tuesday. Analysts had already been lowering their earnings and revenue estimates for Lowe’s (ticker: LOW), which stood…
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