New York, NY, Nov. 20--Lowe's represents a more attractive value than Home Depot, according to a research report from Jefferies & Co.
The research firm said that Home Depot's management team is making impressive progress in improving the in-store shopping experience and execution of the overall business, but that Lowe's continues to "raise the competitive bar."
Jefferies cited Lowe's willingness to enter and expand its presence "within major metro markets that have traditionally been Home Depot's playground."
Jefferies said that "while the valuation differential has narrowed, Lowe's, in our opinion, still represents the more attractive value." Jefferies rates Home Depot as "hold" and Lowe's as "buy."
