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Fly News Breaks for December 12, 2019
HD
Dec 12, 2019 | 07:38 EDT
Following Home Depot's investor conference, Oppenheimer analyst Brian Nagel says that while fundamental trends in 2020 are likely to track shy of initial forecasts and potentially decelerate from 2019 levels, underlying drivers at the chain remain solidly intact and, over time, should give way to improved customer engagement, higher returns and a further strengthening in results. The analyst maintains an Outperform rating and $255 price target.
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