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Analyst Favors Home Depot Over Lowe’s Amid Market Comparison
Analyst Favors Home Depot Over Lowe’s Amid Market Comparison
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BTCCSquare news:
Home Depot (NYSE:HD) emerges as the preferred choice over Lowe’s (NYSE:LOW) in a recent analyst assessment, despite mixed performance and market sentiment. Home Depot’s stock has surged 46.2% over the past three years, outpacing Lowe’s 33% gain. The disparity in store count and revenue further solidifies the analyst’s stance—Home Depot’s 2,347 locations generated $159.5 billion in fiscal 2024 sales, dwarfing Lowe’s $83.7 billion from 1,748 stores.
Market reaction remained tepid, with Home Depot shares dipping 1.5% during Monday trading. The analysis dismisses the notion that Lowe’s lagging performance implies greater growth potential, instead highlighting Home Depot’s entrenched market dominance.
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