<p>Investing.com - Wolfe Research 在第一季度財報發佈前對家居改善行業持樂觀態度，表示對住房和裝修股票的情緒似乎比基本需求趨勢更糟。儘管短期內需求有所改善，該公司表示，由於抵押貸款利率高企和現有房屋銷售疲軟，整體住房環境仍然具有挑戰性，管理層將其形容為 “凍結” 的市場。該公司在財報季節中更青睞 Lowe’s Companies 而非 The Home Depot。該券商將 Lowe’s 的同店銷售預測從 0.5% 上調至 1.0%，理由是 DIY 趨勢改善、春季銷售活動增強、天氣轉暖以及税收退款驅動的塗料和園藝用品等類別的消費支出。分析師表示，超出預期的顧客流量是大部分上行的原因。對於 Home Depot，Wolfe 的分析師將其第一季度同店銷售預估基本保持不變，為 0.5%，略低於市場共識預期的 0.8%，並指出在屋頂和翻新等週期性和利率敏感類別中動能較弱。Wolfe 對這兩家公司維持 “跑贏大盤” 的評級，將 Home Depot 的目標價從 413 美元上調至 416 美元，將 Lowe’s 的目標價從 285 美元上調至 288 美元。該券商認為，儘管對大型專業承包商的舉措和長期利潤壓力的擔憂依然存在，但這兩家零售商的估值相對於整體市場仍然具有吸引力。報告還強調了行業信號的混合，塗料和屋頂的強勁表現被家電和地板的疲軟所抵消。Wolfe 的分析師補充説，天氣轉暖和季節性需求趨勢可能會繼續支持春季和夏季家居改善季節的短期銷售動能。</p>

勞氏

家得寶

<p>Wolfe Research 對家居改善行業持樂觀態度，傾向於在財報發佈前選擇勞氏而非家得寶。他們將勞氏的同店銷售預測上調至 1.0%，原因是 DIY 趨勢改善和季節性需求，而家得寶的估計仍為 0.5%。Wolfe 對兩者維持 “跑贏大盤” 評級，將家得寶的目標價上調至 416 美元，勞氏的目標價上調至 288 美元。儘管房地產市場面臨挑戰，但行業中的混合信號表明近期銷售可能會有動能</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 在第一季度財報發佈前對家居改善行業持樂觀態度，表示對住房和裝修股票的情緒似乎比基本需求趨勢更糟。儘管短期內需求有所改善，該公司表示，由於抵押貸款利率高企和現有房屋銷售疲軟，整體住房環境仍然具有挑戰性，管理層將其形容為 “凍結” 的市場。該公司在財報季節中更青睞 Lowe’s Companies 而非 The Home Depot。該券商將 Lowe’s 的同店銷售預測從 0.5% 上調至 1.0%，理由是 DIY 趨勢改善、春季銷售活動增強、天氣轉暖以及税收退款驅動的塗料和園藝用品等類別的消費支出。分析師表示，超出預期的顧客流量是大部分上行的原因。對於 Home Depot，Wolfe 的分析師將其第一季度同店銷售預估基本保持不變，為 0.5%，略低於市場共識預期的 0.8%，並指出在屋頂和翻新等週期性和利率敏感類別中動能較弱。Wolfe 對這兩家公司維持 “跑贏大盤” 的評級，將 Home Depot 的目標價從 413 美元上調至 416 美元，將 Lowe’s 的目標價從 285 美元上調至 288 美元。該券商認為，儘管對大型專業承包商的舉措和長期利潤壓力的擔憂依然存在，但這兩家零售商的估值相對於整體市場仍然具有吸引力。報告還強調了行業信號的混合，塗料和屋頂的強勁表現被家電和地板的疲軟所抵消。Wolfe 的分析師補充説，天氣轉暖和季節性需求趨勢可能會繼續支持春季和夏季家居改善季節的短期銷售動能。</p>
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勞氏公司。家得寶與勞氏：在財報發佈前，應該持有哪隻家居改善類股票？