Evercore ISI initiated a slew of retail names, including Nike, with outperform ratings. The firm noted these stocks can do well despite a challenging macro outlook. Meanwhile, RBC Capital Markets sees headwinds ahead for Home Depot and Lowe's. The firm started coverage of both home improvement companies with sector perform ratings and price targets that imply little-to-no upside going forward. Check out the latest calls and chatter below. 5:46 a.m.
" Lowe's: Shemesh said that while Lowe's is currently trading at an attractive valuation, it is likely to underperform its peers in the near-term as consumers pull back on spending, assuming that higher-for-longer rates persist. The company has meaningful share gain and margin opportunity over the long term, he said.