Market Overview

UPDATE: Jefferies Reiterates Hold Rating, Raises PT on The Home Depot on Current Valuation

Share:
Related HD
Lowe's Shares Edge Higher As Bank Of America Adds Stock To 'US1' List
The Retail Earnings Season Roundup: All The Results In 1 Place
Williams-Sonoma's Valuation Seems Pretty Justified (Seeking Alpha)

In a report published Friday, Jefferies reiterated its Hold rating on The Home Depot (NYSE: HD), and slightly raised its price target from $58.00 to $59.00.

Jefferies noted, “Current valuation suggests meaningful upside to future quarter SSS and EPS. This reflects the market's bullish view on housing, which is supported by generally strong data. Right now it feels like the only thing that could derail housing (and these stocks) is higher inflation and interest rates. Despite the move in long-term treasury yields this year, mortgage rates remain low and housing affordability is high.”

The Home Depot closed on Thursday at $64.38.

Latest Ratings for HD

DateFirmActionFromTo
Aug 2016Argus ResearchMaintainsBuy
Aug 2016CitigroupMaintainsBuy
Aug 2016Deutsche BankMaintainsBuy

View More Analyst Ratings for HD
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

Related Articles (HD)

View Comments and Join the Discussion!