9:12 ET - Home Depot and Lowe's are each trading at multiples consistent with historic peaks, despite a difficult macro environment that makes significant revenue growth in the near-term unlikely, say Oppenheimer analysts, adding that forecasts of a bounce-back in comp sales leave little room for upside. With high interest rates not going away anytime soon and discretionary spending still pressured, the companies could provide disappointing fiscal 2026 guidance that sends shares down. "We continue to find a rather significant disconnect between the historically elevated valuations at which HD and LOW trade and prospects for still soft fundamental trends at the chains," the analysts say. (nicholas.miller@wsj.com)

(END) Dow Jones Newswires

September 25, 2025 09:13 ET (13:13 GMT)

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