Loading...
Loading...
In a report published Tuesday, Canaccord Genuity lowered Home Depot's
HD price target to o$54 from $57 on slowing sales momentum.
Canaccord Genuity reported that, “HD reported operating EPS of $0.67, excluding a $0.01 benefit
related to earlier store closure charges, versus our $0.63 estimate and consensus of $0.64. Q4 SSS increased 7% on top of +5.7%, versus Lowe's
NYSE +1.9% on top of +3.4%. Based on the $242MM in storm-related sales, we calculate Hurricane Sandy added roughly 200bps to SSS.”
Home Depot shares closed at 67.10 on Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in