Lowe's Stock: Buy, Sell, or Hold?
Investors were worried heading into the Q1 earnings update from Lowe's (NYSE: LOW). This announcement arrives just at the start of the home improvement giant's highest-volume sales weeks in early spring, raising the stakes for its business. And rival Home Depot had complained earlier about softening consumer demand and sales pressures from slumping lumber prices.
Lowe's followed its larger peer in reducing its fiscal-year outlook on both the top and bottom lines. But does this downgrade change the investing thesis for this successful retailer?
Let's dive right in.
Source Fool.com
