The home-improvement trend that has lifted stocks such as Lowe’s and
may be on its last legs.
Analysts at Wedbush Securities expect changes in household spending will hurt both companies. The brokerage downgraded Lowe’s stock (ticker: LOW) to Neutral from Outperform on Monday, while maintaining their Neutral rating on Home Depot shares.
Not only are fewer households looking to outfit home offices than at this time last year, turnover in the market for existing homes has peaked, according to the