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Wedbush analyst Seth Basham reiterated his Outperform rating but cut his target for the stock, citing data he said show greater delinqencies on car loans.
Wedbush analyst Seth Basham reiterated his Outperform rating but cut his target for the stock, citing data he said show greater delinqencies on car loans.
Elevated mortgage rates and record-high home prices are poised to put an end to the home-improvement spending boom that drove growth at Home Depot Inc. and Lowe's Cos. over the pandemic period.
Operator: Good afternoon, ladies and gentlemen. Welcome to Purple Innovation Third Quarter 2023 Earnings Conference Call.
Conference Call Participant: Chris Pierce - Needham Michael Baker - D.A. Davidson Seth Basham - Wedbush Securities Ron Josey - Citi Rajat Gupta - J.P.