UPDATE: Morgan Stanley Reiterates On HD Supply Following Solid 1Q Report
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
|Mar 2016||Sterne Agee CRT||Initiates Coverage on||Buy|
|Mar 2016||Morgan Stanley||Maintains||Equal-weight|
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