Home Depot Was the Best Performer in the Dow. Why the Gains Are Set to Continue Into 2022.


Home construction and improvement stocks are poised to continue their gains in 2022, as the work-from-home trend continues, mortgage rates remain low, and property values appreciate.

In 2021, many retailers streamlined their digital businesses with their bricks-and mortar stores. The home improvement sector is no different, Joseph Feldman, assistant director of research at Telsey Advisory Group, wrote in a research note. “We expect Home Depot and Lowe’s to continue to focus on the Pro, omni-channel and merchandising,” Feldman said in an email. He rates both Home Depot and Lowe’s (LOW) Outperform, with price targets of $425 and $275, respectively. Home Depot closed Friday at $415.01, and Lowe’s was $258.48.

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