Market Overview

UPDATE: Canaccord Genuity Lowers Price Target on Home Depot to $54 on Slowing Sales Momentum

Related HD
Market Closes Flat As Alibaba Group Holding Ltd Begins Life As A Publicly Traded Company
#PreMarket Primer: Friday, September 19: Scottish Independence Supporters Narrowly Defeated
Claman on Call: Alibaba Sets Its IPO Price; CEOs Step Down (Fox Business)

In a report published Tuesday, Canaccord Genuity maintained its Hold rating and lowered the price target on Home Depot's (NYSE: HD) from $57 to $54.

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 (LOW: NYSE: $35.86 | SELL) +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.

Latest Ratings for HD

DateFirmActionFromTo
Sep 2014OppenheimerMaintainsOutperform
Aug 2014CitigroupMaintainsBuy
Aug 2014Deutsche BankMaintainsHold

View More Analyst Ratings for HD
View the Latest Analyst Ratings

Posted-In: Canaccord GenuityAnalyst Color Price Target Analyst Ratings

 

Related Articles (HD + LOW)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters