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Fly News Breaks for December 12, 2019
HD
Dec 12, 2019 | 08:16 EDT
RBC Capital analyst Scot Ciccarelli lowered his price target on RBC Capital to $232, citing the company's forecast of 2020 margins undershooting expectations. The analyst notes that next year should also be Home Depot's year of peak investment, and he expects its expenditure to support the ongoing market share gains while solidifying its position as a best-in-class operator. Ciccarelli keeps his Outperform rating on Home Depot, stating that its macro backdrop looks to be supportive of heightened home improvement spending.
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