Goldman Sachs Maintains Rating, PT After Meeting With Management Of HD

Goldman Sachs, after meeting with the senior management of Home Depot Inc HD, is standing by its $43 price target and its Buy rating on the stock. Goldman Sachs had this to say about the upside, going forward, “We see better visibility as we move past 1Q, note stable competitive and margin dynamics, and view HD as one of the few remaining firms with potential for the kind of “break-out” sales trends that we have noted in other sectors, given that its end-markets have lagged the broader recovery.” HD closed yesterday at $37.67.