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Fly News Breaks for October 4, 2019
LOW, HD
Oct 4, 2019 | 07:33 EDT
Oppenheimer analyst Brian Nagel raised his price target for Home Depot (HD) to $255 from $215 and reiterated an Outperform rating, saying he has maintained a positive stance toward Home Improvement Retail due to a number of factors, including still solid underlying demand dynamics, significant protections from the threat of online disintermediation, and accommodative share valuations. The analyst says shares of Home Depot have performed well so far in 2019, and is increasingly optimistic that a recent, meaningful moderation in mortgage rates should prove an incremental sales tailwind within the space and help support further the multiples at which the stock trades. Nagel also raised his price target for peer Lowe's (LOW) to $145.
News For HD;LOW From the Last 2 Days
HD
Mar 28, 2024 | 16:23 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
HD
Mar 28, 2024 | 12:00 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
HD
Mar 28, 2024 | 10:00 EDT
Home Depot, on its conference call discussing its agreement to acquire SRS Distribution, said it is suspending share repurchases until it gets back to its targeted 2.0 times adjusted debt to EBITDA.
LOW
Mar 27, 2024 | 12:00 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here