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Fly News Breaks for June 12, 2019
HDS
Jun 12, 2019 | 07:51 EDT
BofA/Merrill analyst Andrew Obin reiterated a Buy rating and $51 price target on HD Supply Holdings following its "weak" May results, saying one-time issues are creating an enhanced buying opportunity. In a research note to investors, Obin says the issues, including delays following the opening of a new Atlanta facility and cool weather delaying the typical surge in HVAC-related demand, appear transitory in nature and should be resolved by the end of the second quarter.
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