Guggenheim downgraded shares of Home Depot to neutral as the firm expects the home improvement retailer's business investments to weigh on margins.
"We find it difficult to see a path to EBIT margin expansion in 2020 as both a) investment spending and b) the associated D&A drag are poised to ramp," said Guggenheim analyst Steven Forbes in a note to clients on Tuesday.
"We find it difficult to see a path to EBIT margin expansion in 2020 as both a) investment spending and b) the associated D&A drag are poised to ramp," said Guggenheim analyst Steven Forbes in a note to clients on Tuesday. Shares of Home Depot ticked more than 1% lower in extended trading following the downgrade on Tuesday.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks making the biggest moves premarket: FedEx, Anheuser-Busch, Home Depot, Shopify & moreThese are the stocks posting the largest moves before the bell.
Read more »
Director Wayne Wang On Dealing With Family And Mortality In ‘Coming Home Again’ – Toronto studioTIFF veteran Wayne Wang, often overlooked for his importance in the history of modern U.S.-Asian cinema, returned to the festival with his latest film Coming Home Again, which tells the story of a …
Read more »
How Drunk Elephant Founder Tiffany Masterson Went From Stay-at-Home Mom to Beauty MogulDrunk Elephant is one of the fastest-growing skin-care brands in Sephora's history.
Read more »
Rams and Chargers' future home in Inglewood now has a name: SoFi StadiumLA Stadium and Entertainment District at Hollywood Park has reached a 20-year agreement that gives SoFi the naming rights for the Rams and Chargers' future stadium.
Read more »
Ex-UCLA men's basketball coach Steve Alford lists Calabasas home for $2.7 millionSteve Alford, the former UCLA men's basketball coach now with Nevada, has listed his Calabasas home for sale at $2.699 million.
Read more »