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Fly News Breaks for September 9, 2016
HDS
Sep 9, 2016 | 08:11 EDT
Credit Suisse analyst Andrew Buscaglia believes HD Supply's execution issues in Facilities Maintenance are temporary. The analyst said HD Supply underordered ahead of the selling season, then panicked and overordered, resulting in an inventory glut. Buscaglia said his Outperform thesis remains intact and encourages holders not to give up and for new investors to take a look. He expects the company to outgrowth the market through share gains, especially as supply chain issues dissipate.
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