Home Depot, Lowe’s Decline After Analyst Reduces Estimates
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Home Depot Inc. and Lowe’s Cos., the two largest U.S. home-improvement retailers, declined after a Deutsche Bank AG analyst lowered sales and profit estimates because of weak results at rivals.
Shares of Atlanta-based Home Depot slid 1.6 percent, while Mooresville, North Carolina-based Lowe’s dropped 1.4 percent.