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Fly News Breaks for August 14, 2018
HD
Aug 14, 2018 | 16:45 EDT
Baird analyst Peter Benedict kept his Outperform rating and $215 price target on Home Depot after its "high quality" Q2 EPS beat and raised FY18 guidance. The analyst notes that comps may decelerate in the second half because of cycled storm-related demand following an active season last year, the company's core business shows no signs of slowing, and its August-to-date sales look "healthy". Benedict further notes that Home Depot's Pro sales continued to "shine" with another quarter of double-digit gains thanks to the company's investment and greater store engagement initiatives.
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