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Fly News Breaks for December 12, 2019
HD
Dec 12, 2019 | 06:39 EDT
Gordon Haskett analyst Chuck Grom downgraded Home Depot to Accumulate from Buy with a $230 price target. The analyst left Home Depot's analyst meeting yesterday with "mixed emotions." With his estimates coming down and the case for an above-historical average multiple "difficult to justify," Grom now sees only roughly 10% upside in the stock. He finds it appropriate to curb his enthusiasm in the near-term.
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