On November 9, Morgan Stanley released the third-quarter earnings forecast for major US retail stocks, maintaining the “gain” ratings for Walmart, Home Depot, Lowe's, and Target. The target prices are $125, $400, $258, and $170, respectively. According to Damo's judgment, this quarter's earnings report will probably not substantially change the investment logic of each company — Walmart's performance is on the same level as expected, Home Depot and Lowe's are still stuck in a lack of recovery in demand, and Target is the only company likely to hand over “surprise” results. However, the report suggests that when all of the market's attention is focused on AI and smart e-commerce, the “lack of excitement” of retail stocks itself may be the starting point of the reverse layout.
Zhitongcaijing · 2d ago
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On November 9, Morgan Stanley released the third-quarter earnings forecast for major US retail stocks, maintaining the “gain” ratings for Walmart, Home Depot, Lowe's, and Target. The target prices are $125, $400, $258, and $170, respectively. According to Damo's judgment, this quarter's earnings report will probably not substantially change the investment logic of each company — Walmart's performance is on the same level as expected, Home Depot and Lowe's are still stuck in a lack of recovery in demand, and Target is the only company likely to hand over “surprise” results. However, the report suggests that when all of the market's attention is focused on AI and smart e-commerce, the “lack of excitement” of retail stocks itself may be the starting point of the reverse layout.
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