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Fly News Breaks for January 22, 2020
HD
Jan 22, 2020 | 08:17 EDT
Loop Capital analyst Laura Champine raised her price target on Home Depot to $215, adjusting her model to reflect a more positive macro backdrop. The analyst cites more bullish sales expectations coming from a more settled trade environment, healthy consumer spending, improving housing data. Champine still keeps her Hold rating on Home Depot however, noting that its valuation at 22-times her expected FY20 earnings and 15-times enterprise value to expected EBITDA is still "somewhat rich".
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