Goldman Sachs: Home Depot Tops Lowe's
Goldman Sachs chooses Home Depot over Lowe's, calling Home Depot a superior investment.
NEW YORK (
) -- When it comes to home improvement retailers, Goldman Sachs says
Home Depot
(HD) - Get Report
is the better bet.
The brokerage firm downgraded
Lowe's
(LOW) - Get Report
to neutral from buy today, and maintained its $25 price target on the stock.
Goldman Sachs does see improving sales and earnings trends in the sector, but believes Home Depot is the way to go on the turnaround.
The firm upped its price target on Home Depot to $33 from $32.
-- Reported by Jeanine Poggi in New York.
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