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Fly News Breaks for February 26, 2020
HD
Feb 26, 2020 | 07:10 EDT
Nomura Instinet analyst Michael Baker raised the firm's price target on Home Depot to $240 from $224 and keeps a Neutral rating on the shares. The analyst sees Home Depot as one of the best-run retailers in the country but he notes that the stock's valuation is near an all-time high and believes "earnings beats are becoming harder." As such, he thinks Home Depot shares are currently fairly valued.
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