Market Overview

UPDATE: Morgan Stanley Reiterates On HD Supply Following Solid 1Q Report

Share:
Related HDS
Benzinga's Top Upgrades, Downgrades For July 14, 2017
Benzinga's Top Upgrades, Downgrades For July 10, 2017
HD Supply, Inc. Announces Commencement of Consent Solicitation Relating to its 5. ... (GuruFocus)

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

DateFirmActionFromTo
Aug 2017Goldman SachsReinstatesNeutral
Jul 2017Northcoast ResearchInitiates Coverage OnNeutral
Jul 2017JP MorganUpgradesNeutralOverweight

View More Analyst Ratings for HDS
View the Latest Analyst Ratings

Posted-In: Morgan Stanley Nigel CoeAnalyst Color Price Target Analyst Ratings

 

Related Articles (HDS)

View Comments and Join the Discussion!