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Fly News Breaks for March 20, 2019
HDS
Mar 20, 2019 | 07:18 EDT
RBC Capital analyst Deane Dray nudged his price target on HD Supply higher to $44 from $43 and kept his Sector Perform rating after its small Q4 earnings beat, saying the disappointing outlook for Q1 was impacted by "weather disruptions in February and lighter resi assumptions". The analyst notes that he is "not too concerned" by the management's outlook however and views its assumptions for FY19 as achievable, also calling the valuation on HD Supply shares as "relatively balanced".
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