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Fly News Breaks for February 26, 2020
HD
Feb 26, 2020 | 09:04 EDT
SunTrust analyst Keith Hughes raised his price target on Home Depot to $240 after its Q4 earnings beat, strong same-store sales, and above-consensus FY20 guidance. The analyst also believes that the "good" January comps reflect a pick-up in underlying demand and a healthy outlook for renovation spending, even though he sees the company's margin leverage remaining muted for some time. Hughes is keeping his Hold rating on Home Depot.
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