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Fly News Breaks for November 21, 2019
LOW, HD
Nov 21, 2019 | 07:28 EDT
SunTrust analyst Keith Hughes raised his price target on Home Depot (HD) to $225 after its Q3 results, noting that while the stock was down from the miss in comps and another cut in FY19 same-store sales view to 3.5% from 4%, the company still outperformed the 3% U.S. comps print at Lowe's (LOW). The analyst believes that Home Depot is having a "share gaining year" and expects both chains to see improved results next year, even though he is keeping his Hold rating on the view that Q4 SSS estimates are still "somewhat high".
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