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Fly News Breaks for September 8, 2017
GWW, HDS
Sep 8, 2017 | 07:59 EDT
Credit Suisse analyst Andrew Buscaglia resumed coverage of HD Supply (HDS) with a Neutral rating, down from a prior Outperform, stating that his opinion on the company's Facilities Maintenance business has soured. The unit is "starting to resemble" Grainger (GWW), said Buscaglia, who added that competition in the space is intensifying and he sees risk to HD Supply's FY17 guidance. Buscaglia has a $33 price target on HD Supply shares.
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