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Home Improvement Stock Falls Lower on Downgrade

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Oppenheimer downgraded LOW to “perform” from “outperform”

The shares of Lowe’s Company Inc (NYSE:LOW) are down 1.2% at $161.69, after Oppenheimer downgraded the stock from “outperform” to “perform,” with a price-target cut to $180 from $185. The firm downgraded sector peer Home Depot (HD) as well, noting that home improvement stores’ recent outsized gains could reflect a demand pull going forward. With that being said, the analyst in coverage sees modest upside for the shares in the long term.

On the chats, LOW has been repeatedly rejected by the $171 level as of late, but not before acquiring a fresh Sept. 16 all-time high of $171.72. Now seeing pressure from the 20-day moving average, the equity is on track for its first monthly loss in six, though it does remain up 35% year-to-date.

Coming into today, 18 analysts carry a “buy” or better rating on Lowe’s stock, with the remaining three at a lukewarm “hold.” Meanwhile, the 12-month consensus price target of $181.31 is a 10.7% premium to current levels, indicating an overall sense of optimism from covering firms. 

The options pits are also looking overwhelmingly bullish. LOW’s 50-day call/put volume ratio of 2.59 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) stands higher than all other readings in its annual range. This means long calls are being picked up at their fastest rate in a year.  

Options look like a good way to go when weighing in on Lowe’s stock as well, as it is currently seeing attractively priced premiums. The stock’s Schaeffer’s Volatility Index (SVI) of 33% sits higher than 14% of readings in its annual range, suggesting short-term options are pricing in relatively low volatility expectations.

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Make-Over Mistakes That Downgrade Your Bathroom

Are you renovating your bathroom? Are you thinking of replacing your existing bathroom? Please do not make the awful mistakes some people have. Simple mistakes can lead to disaster.

Bathrooms and kitchens are rooms that are used by many people in the home and should be designed for function first, and style, second. Essentially, you should decorate a bathroom in a classic and neutral way, to keep it from dating, and to preserve the appeal, of your bathroom, for resale purposes.

1. Never Buy Cheap Fittings!

You've splurged on tiles, and a good quality bath, and now your budget is depleted, so, you opt for the more budget-friendly taps. Never do this. As a rule of thumb, you should over-budget by as much as 20% for a bathroom. It's small room, but, highly functional, and in the long run, spending more, will pay you off tenfold.

When you look at reselling your home, you will deeply regret the cheaper fittings. Cheaper fittings will not last as long as more expensive, ones, either – invest in your fittings, and swap out the fancy flooring, for something that is a little less costly. It will pay you off, in the long term, to do this.

2. Is Your Toilet Squashed Into An Unsuitable Space- In between the shower and a wall?

Function. Function. Function. You are going to spend a proverbial penny, quite often, and your bathroom ergonomics are very important. Ease of use, and the placement of your shower, bath, sink, toilet, and bidet, in relation to each other – is extremely significant.

A bathroom is a small room that must function at a high level, and if you do not have enough space – it can be a disaster. Imagine how uncomfortable you are going to be, trying to squeeze …

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