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MarketBeat
MarketBeat
Jessica Mitacek

Home Depot and Lowe’s Hit 52-Week Lows—But Analysts Aren’t Giving Up

Home Depot Housing Market Grand View Research NYSE

Surging home prices and an uptick in 30-year fixed-rate mortgages have kept the real estate market frozen while punishing homebuilders. But for home improvement stores, a frozen real estate market has not been the tailwind many expected from homeowners staying put.

Last week, Home Depot (NYSE: HD) and Lowe’s (NYSE: LOW)—the two companies that form a veritable duopoly in retail home improvement—saw their respective shares hit 52-week lows.

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