UPDATE: Deutsche Bank Raises PT on The Home Depot Following Company Analyst Day

In a report published Thursday, Deutsche Bank analyst Greg Poole reiterated a Hold rating on The Home Depot HD, and raised the price target from $80.00 to $85.00. In the report, Deutsche Bank noted, “A few things to know from HD's Analyst Day. As we wrote in our note this morning, in their press release, HD reiterated their 2013 estimates and gave broad 2014 and 2015 guidance roughly in line with expectations. In this note, we detail a few high level takeaways from the presentations as well as some tidbits picked up from our lunch with the CFO. We maintain our Hold rating balancing top notch execution with a fair valuation.” The Home Depot closed on Wednesday at $79.00.