| 2018-11-13 15:16:04|
HD 15:16 11/13 11/13/18
Home Depot price target lowered to $210 from $215 at Baird
In a follow-up to an earlier note on Home Depot from this morning, Baird analyst Peter Benedict maintained an Outperform rating on the company, but lowered his price target on shares to $210 from $215 following Home Depot's Q3 earnings conference call. Benedict said Home Depot's Q3 results were solid from an operating perspective, although they were helped by a lower tax rate. He also noted the raised guidance helped by solid U.S. trends, but said the guidance, though higher, implies Q4 slightly below Street consensus.