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UPDATE: Jefferies & Company Reiterates Hold Rating, Raises PT on The Home Depot

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In a report published Friday, Jefferies & Company reiterated its Hold rating on The Home Depot (NYSE: HD), and raised its price target from $51.00 to $56.00.

Jefferies noted, “While we are maintaining our Hold ratings on HD and LOW ahead of 3Q earnings, we still prefer Home Depot to Lowe's despite the 10% P/E valuation gap that exists. We are raising estimates on HD and maintaining LOW.”

The Home Depot closed on Thursday at $60.86.

Latest Ratings for HD

DateFirmActionFromTo
Apr 2016Goldman SachsMaintainsNeutral
Mar 2016BarclaysInitiates Coverage onOverweight
Feb 2016SunTrust Robinson HumphreyMaintainsNeutral

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Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

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