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Fly News Breaks for August 16, 2017
HD
Aug 16, 2017 | 06:39 EDT
Citi analyst Kate McShane views yesterday's post-earnings selloff in shares of Home Depot as a buying opportunity. The company represents one of the last consistent mid-single-digit compers in Broadlines/Hardlines, McShane tells investors in a research note. She expects Home Depot to continue benefiting from home price appreciation and increasing household formation. The analyst keeps a Buy rating on the shares with a $179 price target.
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