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Fly News Breaks for May 19, 2015
HD
May 19, 2015 | 10:34 EDT
Cantor Fitzgerald says that when a favorable tax settlement is backed out, Home Depot's quarterly earnings report today is basically in line with consensus. The firm sees "no reason to be constructive" on the name with shares trading at 22 times its 2015 earnings estimate. It lowered its price target for Home Depot to $106 from $108 and keeps a Hold rating on the stock. Shares of the retailer are trading down 27c to $114.06 in early trading.
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