UPDATE: Goldman Sachs Maintains Neutral Rating, Raises PT for The Home Depot

In a company update released earlier today, the Goldman Sachs Group, Inc. maintained its Neutral rating on The Home Depot, Inc. HD, but raised its price target from $52 to $54. Goldman Sachs went on to say “We expect HD to revisit EBIT margin targets at its June analyst meeting. We outline in this note how an 11%-12% target looks feasible. We do not expect any higher – even 12% may prove aggressive – as the firm reinvests excess returns to maintain a tight competitive stance.” The Home Depot, Inc. closed yesterday at $51.56.