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Fly News Breaks for August 15, 2018
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Aug 15, 2018 | 09:11 EDT
Citi analyst Kate McShane noted that Home Depot's comp growth is likely to slow in the second half as the company laps the benefit from late-2017 hurricanes, but she believes the company's initiatives should still support mid-single digit growth. She also said that management hinted on its earnings call that its second half guidance could prove conservative given the solid macro backdrop, which they still sees as supportive of the home improvement industry. McShane keeps a Buy rating on Home Depot shares.
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