Longbow analyst Chris Dankert upgraded HD Supply Holdings to Buy from Neutral with a 12-month price target of $53. Following the recent share selloff, HD Supply's valuation does not reflect the expected outperformance of its defensive Facilities Maintenance business, Dankert tells investors in a research note. Further, the company's recent investments should drive additional sales growth and operating leverage, adds the analyst. He believes HD's "normalized" debt and lower cyclicality relative to peers supports higher a valuation with cash deployment "an upside earnings kicker."