Stifel Downgrades Lowe’s to Sell Ahead of Quarterly Earnings
Stifel cited a potential profit squeeze and a widening gap with Home Depot. Lowe’s quarterly earnings are due in the coming days.
By Mariapaula GonzalezStifel poured cold water on Lowe's recent rally Friday, downgrading the stock to Sell days before quarterly earnings and warning of an impending profit squeeze and a widening gap with rival Home Depot.On the surface, the home improvement sector appears resilient. Including Fri…