Market Overview

UPDATE: Canaccord Genuity Raises PT to $57 on Home Depot on Sales Momentum

Related HD
Home Depot Extends Winning Streak To 9 Days
Home Depot Extends Winning Streak To Eight Days
American Woodmark Soars On Sales To Builders, Dealers (Investor's Business Daily)

Canaccord Genuity reiterated its Hold rating on Home Depot (NYSE: HD) and raised its price target from $56 to $57.

Canaccord Genuity noted, "HD's operating EPS of $0.74, excluding an $0.11 charge for the closure of stores in China, was $0.03 above our estimate and $0.04 ahead of consensus. SSS were up 4.2% on top of +4.2%. … We are maintaining our HOLD rating with shares trading intra-day at 18x our FY13 EPS estimate and 11x FY13E EV/EBITDA. We believe the housing market is slowly recovering, but we believe it is priced into the stock."

Home Depot closed at $61.16 on Monday.

Latest Ratings for HD

Nov 2015Cantor FitzgeraldMaintainsHold
Nov 2015Credit SuisseMaintainsOutperform
Aug 2015CitigroupMaintainsBuy

View More Analyst Ratings for HD
View the Latest Analyst Ratings

Posted-In: Canaccord GenuityAnalyst Color Price Target Intraday Update Analyst Ratings


Related Articles (HD)

Get Benzinga's Newsletters