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Fly News Breaks for November 16, 2018
HD
Nov 16, 2018 | 06:40 EDT
BofA/Merrill analyst Elizabeth Suzuki downgraded Home Depot to Neutral from Buy and reduced her price target to $195 from $219 saying peak growth has passed. Suzuki believes 2018 was a peak earnings growth year and 2017 was a likely peak in comps, coinciding with a peak in house sales. The analyst expects home improvement conditions to soften in 2H 2019 and for earnings beats to get smaller, keeping investors on the sidelines.
News For HD From the Last 2 Days
HD
Apr 26, 2024 | 07:10 EDT
Erste Group downgraded Home Depot to Hold from Buy.
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