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Fly News Breaks for June 23, 2016
HD
Jun 23, 2016 | 07:14 EDT
As previously reported, Nomura upgraded Home Depot to Buy from Neutral and increased its price target to $155. Analyst Jessica Schoen Mace said Home Depot's comps are still solidly positive, including a high-single-digit increase in the U.S. in 2016 despite slowing year-over-year home price growth. The analyst still expects home prices to decelerate but believes any positive growth will be a tailwind. Additionally, the analyst said market share gains, competitive advantages, a solid underlying market, and strong management all position the company well for growth and provide downside protection.
News For HD From the Last 2 Days
HD
Mar 18, 2024 | 16:22 EDT
Mizuho initiated coverage of Home Depot with a Buy rating and $415 price target. The analyst launched coverage of 15 companies in the consumer hardlines and consumer internet verticals with an optimistic view for the balance of 2024. The firm expects a "more subdued, yet stable" spending backdrop to become more apparent in the coming months and takes a positive view toward eight names. Its top picks include Lowe's (LOW) within core consumer hardlines and large caps, Wayfair (W) within consumer internet coverage, and Mister Car Wash (MCW) within small caps. Expectations for rate cuts into 2025 should serve as an added positive and supports a positive stance on home improvement and other home-related activity, the analyst tells investors in a research note.