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Fly News Breaks for December 12, 2019
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Dec 12, 2019 | 08:03 EDT
Nomura Instinet analyst Michael Baker lowered his price target for Home Depot to $224 from $237 and keeps a Neutral rating on the shares. While the preliminary 2020 margin outlook that was introduced proved to be a negative surprise, 2020 will likely be a trough year, Baker tells investors in a research note. Beyond 2020, he expects incremental investments to ease while the "corresponding benefits begin to kick in at a more meaningful clip."