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Fly News Breaks for December 11, 2019
HD
Dec 11, 2019 | 13:54 EDT
Stifel analyst John Baugh lowered his price target for Home Depot to $245 from $255 after giving 2020 sales and operating margin guidance below consensus estimates at its investor and analyst conference. Baugh tells investors in a research note that the tone of the meeting from the sell side and investors was "fairly negative," and says he thinks 2020 will be a transition year. While no guidance was provided for CY21 or beyond, Baugh adds that he believes there should be leverage from investments. The analyst maintains a Buy rating on the shares.
News For HD From the Last 2 Days
HD
Apr 26, 2024 | 07:10 EDT
Erste Group downgraded Home Depot to Hold from Buy.
