<p>Investing.com - Wolfe Research 在第一季度财报发布前对家居改善行业持乐观态度，表示对住房和装修股票的情绪似乎比基本需求趋势更糟。尽管短期内需求有所改善，该公司表示，由于抵押贷款利率高企和现有房屋销售疲软，整体住房环境仍然具有挑战性，管理层将其形容为 “冻结” 的市场。该公司在财报季节中更青睐 Lowe’s Companies 而非 The Home Depot。该券商将 Lowe’s 的同店销售预测从 0.5% 上调至 1.0%，理由是 DIY 趋势改善、春季销售活动增强、天气转暖以及税收退款驱动的涂料和园艺用品等类别的消费支出。分析师表示，超出预期的顾客流量是大部分上行的原因。对于 Home Depot，Wolfe 的分析师将其第一季度同店销售预估基本保持不变，为 0.5%，略低于市场共识预期的 0.8%，并指出在屋顶和翻新等周期性和利率敏感类别中动能较弱。Wolfe 对这两家公司维持 “跑赢大盘” 的评级，将 Home Depot 的目标价从 413 美元上调至 416 美元，将 Lowe’s 的目标价从 285 美元上调至 288 美元。该券商认为，尽管对大型专业承包商的举措和长期利润压力的担忧依然存在，但这两家零售商的估值相对于整体市场仍然具有吸引力。报告还强调了行业信号的混合，涂料和屋顶的强劲表现被家电和地板的疲软所抵消。Wolfe 的分析师补充说，天气转暖和季节性需求趋势可能会继续支持春季和夏季家居改善季节的短期销售动能。</p>

劳氏

家得宝

<p>Wolfe Research 对家居改善行业持乐观态度，倾向于在财报发布前选择劳氏而非家得宝。他们将劳氏的同店销售预测上调至 1.0%，原因是 DIY 趋势改善和季节性需求，而家得宝的估计仍为 0.5%。Wolfe 对两者维持 “跑赢大盘” 评级，将家得宝的目标价上调至 416 美元，劳氏的目标价上调至 288 美元。尽管房地产市场面临挑战，但行业中的混合信号表明近期销售可能会有动能</p>

<p>Investing.com - Wolfe Research struck a bullish tone on the home improvement sector ahead of first-quarter earnings, saying sentiment around housing and renovation stocks appears worse than underlying demand trends.Despite the near-term improvement in demand, the firm said the broader housing backdrop remains challenging due to elevated mortgage rates and sluggish existing home sales, which executives have described as a “frozen” market.The firm has favored Lowe’s Companies over The Home Depot into the results season.The brokerage raised its same-store sales forecast for Lowe’s to 1.0% growth from 0.5%, citing improving DIY trends, stronger spring selling activity, warmer weather, and tax refund-driven spending in categories such as paint and garden supplies. Analysts said better-than-expected customer traffic accounted for most of the upside.For Home Depot, analysts at Wolfe kept its first-quarter same-store sales estimate largely unchanged at 0.5%, slightly below consensus expectations of 0.8%, noting softer momentum in cyclical and rate-sensitive categories including roofing and remodeling.Wolfe maintained “Outperform” ratings on both companies, raising its price target for Home Depot to $416 from $413 and for Lowe’s to $288 from $285. The brokerage argued that valuations for both retailers remain attractive relative to the broader market, even as concerns persist over large professional contractor initiatives and long-term margin pressures.The note also highlighted mixed industry signals, with strength in paint and roofing offset by weakness in appliances and flooring. Analysts at Wolfe added that warmer weather and seasonal demand trends could continue supporting near-term sales momentum heading into the spring and summer home improvement season</p>
<div class="lb-trans"><p>Investing.com - Wolfe Research 在第一季度财报发布前对家居改善行业持乐观态度，表示对住房和装修股票的情绪似乎比基本需求趋势更糟。尽管短期内需求有所改善，该公司表示，由于抵押贷款利率高企和现有房屋销售疲软，整体住房环境仍然具有挑战性，管理层将其形容为 “冻结” 的市场。该公司在财报季节中更青睐 Lowe’s Companies 而非 The Home Depot。该券商将 Lowe’s 的同店销售预测从 0.5% 上调至 1.0%，理由是 DIY 趋势改善、春季销售活动增强、天气转暖以及税收退款驱动的涂料和园艺用品等类别的消费支出。分析师表示，超出预期的顾客流量是大部分上行的原因。对于 Home Depot，Wolfe 的分析师将其第一季度同店销售预估基本保持不变，为 0.5%，略低于市场共识预期的 0.8%，并指出在屋顶和翻新等周期性和利率敏感类别中动能较弱。Wolfe 对这两家公司维持 “跑赢大盘” 的评级，将 Home Depot 的目标价从 413 美元上调至 416 美元，将 Lowe’s 的目标价从 285 美元上调至 288 美元。该券商认为，尽管对大型专业承包商的举措和长期利润压力的担忧依然存在，但这两家零售商的估值相对于整体市场仍然具有吸引力。报告还强调了行业信号的混合，涂料和屋顶的强劲表现被家电和地板的疲软所抵消。Wolfe 的分析师补充说，天气转暖和季节性需求趋势可能会继续支持春季和夏季家居改善季节的短期销售动能。</p>
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劳氏公司。家得宝与劳氏：在财报发布前，应该持有哪只家居改善类股票？