Jefferies Reiterates Hold Rating, $44 PT for The Home Depot

In a company note published earlier today, Jefferies & Company, Inc. reiterated its Hold rating and $44.00 price target for The Home Depot, Inc. HD. Jefferies said in its report “Q1 results looked strong in absolute terms, but guidance doesn't suggest Q1 momentum continues. Management's guidance implies low-single digit comp store sales over the balance of the year. This could give investors pause as they consider the weather benefits in Q1 versus upside potential from a renewed remodeling activity that was showing up in the data in Q1.” The Home Depot, Inc. closed yesterday at $48.67.