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Strategies & Market Trends : Joe Stocks Trader Talk

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To: Joe Stocks who started this subject	3/4/2002 8:11:52 AM
From: Joe Stocks	of 787

HD and LOW downgraded this am. The story: Home Depot, Lowe's downgraded (HD, LOW) By Tomi Kilgore Analyst Aram Rubinson at UBS Warburg cut his ratings on home improvement retailers Home Depot (HD) and Lowe's (LOW) to "buy" from "strong buy" due to his increasingly conservative outlook for price-to-earnings expansion in the sector. While the companies are poised to benefit from an economic upturn, he feels the share prices already reflect that belief. "Aside from balance sheet progress, there is little Home Depot or Lowe's can do to surprise [investors] at this point," Rubinson said in a note to clients. Home Depot, a component of the Dow industrials ($INDU) , closed Friday up 29 cents at $50.29. Lowe's fell $1.26 to $43.99.

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