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UPDATE: Morgan Stanley Reiterates On HD Supply Following Solid 1Q Report

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In a report published Wednesday, Morgan Stanley analyst Nigel Coe reiterated an Equal-Weight rating on HD Supply (NASDAQ: HDS), and raised the price target from $28.00 to $30.00.

In the report, Morgan Stanley noted, “Perhaps the biggest surprise to 1Q was that there were no surprises. Execution was the operative word in 1Q as fundamentals were broadly in-line to better than expected. While we see a clearer path to upside vs. guidance, it is largely baked into our estimates. Our PT goes to $30.”

HD Supply closed on Tuesday at $28.60.

Latest Ratings for HDS

DateFirmActionFromTo
Mar 2016Sterne Agee CRTInitiates Coverage onBuy
Mar 2016Morgan StanleyMaintainsEqual-weight
Jan 2016BarclaysMaintainsOverweight

View More Analyst Ratings for HDS
View the Latest Analyst Ratings

Posted-In: Morgan Stanley Nigel CoeAnalyst Color Price Target Analyst Ratings

 

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