UPDATE: Jefferies & Company Reiterates Hold Rating, Raises PT on The Home Depot
In a report published Friday, Jefferies & Company reiterated its Hold rating on The Home Depot (NYSE: HD), and raised its price target from $51.00 to $56.00.
Jefferies noted, “While we are maintaining our Hold ratings on HD and LOW ahead of 3Q earnings, we still prefer Home Depot to Lowe's despite the 10% P/E valuation gap that exists. We are raising estimates on HD and maintaining LOW.”
The Home Depot closed on Thursday at $60.86.
Latest Ratings for HD
|Feb 2017||Morgan Stanley||Upgrades||Equal-Weight||Overweight|
|Feb 2017||Bernstein||Initiates Coverage On||Market Perform|
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