Home Depot in 'great spot' to benefit from multi-year recovery in home improvement: UBS' Lasser
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UBS retail analyst Michael Lasser suggests that Home Depot is well-positioned to benefit from a multi-year recovery in the home improvement sector. The discussion also touches on the impact of warm weather on Home Depot's earnings and a decline in gross margins.
November 12, 2024 | 4:45 pm
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Home Depot is expected to benefit from a multi-year recovery in the home improvement sector, according to UBS analyst Michael Lasser. Despite a decline in gross margins, the company is seen as well-positioned for future growth.
UBS analyst Michael Lasser's positive outlook on Home Depot's position in the home improvement market suggests potential growth. The mention of a multi-year recovery indicates a favorable long-term trend, which could positively impact Home Depot's stock price despite current margin challenges.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90