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Citi Investment Research is out with a research report on Home Depot
HD and it has a Buy rating and a $44 price target on shares.
In a note to clients, Citi Investment Research writes, "We rate HD as a Buy as we see a clear organic runway through market share gains while maintaining expense discipline. Furthermore, the company is signaling its belief in the business through share buybacks. We are most constructive on: 1) expected SSS outperformance through operational execution, 2) continued
market share gains, 3) OM% lift on supply chain/tech initiatives, 4) robust FCF generation and returns of shareholder capital. Risks to our rating include deterioration in end markets, and execution missteps in supply chain."
Shares of HD gained 86 cents on Friday to close at $38.06, a gain of 2.3%.
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