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Stifel Downgrades Home Depot Ahead of Q3 Earnings Amid Sector Weakness

Stifel Downgrades Home Depot Ahead of Q3 Earnings Amid Sector Weakness

Author:

Global Cryptocurrency

Published:

2025-11-14 11:24:02

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Stifel analyst Andrew Carter downgraded Home Depot (HD) from Buy to Hold, slashing the price target from $440 to $370 ahead of its November 18 earnings report. The home improvement sector appears stagnant, with deteriorating conditions likely to pressure results. Carter’s revised estimates for Home Depot and Lowe’s (LOW) now sit well below consensus, reflecting a slower recovery trajectory.

Third-quarter same-store sales are expected to disappoint, raising questions about Home Depot’s Complex Pro strategy. While long-term sector drivers remain intact, near-term headwinds—including tough holiday season comparisons—forced Stifel’s cautious stance. The downgrade signals broader concerns about discretionary spending in a softening macroeconomic environment.

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