Market Overview

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

Related HD
Fast Money Picks For October 23
The Rise Of ESPN's 'College GameDay'
Making Money With Charles Payne: 10/22/14 (Fox Business)

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
Oct 2014SunTrust Robinson HumphreyDowngradesBuyNeutral
Sep 2014OppenheimerMaintainsOutperform
Aug 2014CitigroupMaintainsBuy

View More Analyst Ratings for HD
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

Related Articles (HD)

Around the Web, We're Loving...

Get Benzinga's Newsletters