Nice work ANALyst, making a call when soccer moms are busy predicting next economic moves -
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WE ARE LOWERING OUR rating on shares of Home Depot, which is based on a six-month outlook, from Market Perform to Underperform, and we believe investors should sell the stock.
We are also lowering estimates as we believe recent macro data suggest that the home-improvement cycle is a long way from the bottom. The company's monthly same-store-sales results decelerated as the most recent quarter progressed and were down 10.8%Blogged with MessageDance using Gmail
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