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Fly News Breaks for November 19, 2019
HD
Nov 19, 2019 | 16:00 EDT
Baird analyst Peter Benedict said Home Depot's softer than expected Q3 comp growth and reduced FY19 sales plan "drove a healthy pullback in shares today," but its underlying trends appear supportive of sequentially improved same-store sales and its implied Q4 guidance appears conservative. The analyst, who is "inclined to patiently accumulate shares," keeps an Outperform rating on Home Depot with an increased price target of $245, up from $230.
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