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HD

Home Depot

$179.85

0.34 (0.19%)

15:16
11/13/18
11/13
15:16
11/13/18
15:16

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.

  • 13

    Nov

HD Home Depot
$179.85

0.34 (0.19%)

11/12/18
RBCM
11/12/18
NO CHANGE
Target $110
RBCM
Outperform
Home Depot, Lowe's price targets lowered at RBC Capital on softer housing
RBC capital analyst Scot Ciccarelli lowered his price target on Home Depot (HD) to $208 from $218 and Lowe's (LOW) to $110 from $123 to reflect the weakness in the U.S. housing stocks amid signs of softness in the broader housing market. The analyst notes that as mortgage rates rise, it is "completely reasonable to expect home sales to slow". Ciccarelli keeps his Outperform rating on both companies however, stating that the more critical aspects to their performance - existing home inventory levels, home price appreciation and PFRI, or Private Fixed Residential Investment, growth - all remain positive. The analyst adds that much of the housing market softness is in the new construction, where the companies have only modest exposure.
11/13/18
BARD
11/13/18
NO CHANGE
Target $215
BARD
Outperform
Home Depot Q3 report should help shares today, says Baird
Baird analyst Peter Benedict said Home Depot's Q3 results were solid from an operating perspective, although they were helped by a lower tax rate. The analyst noted the raised guidance helped by solid U.S. trends, but said the guidance, though higher, implies Q4 slightly below Street consensus. Benedict maintained his Outperform rating and $215 price target on Home Depot shares.
11/13/18
STFL
11/13/18
NO CHANGE
STFL
Buy
Home Depot 'solid' Q4 outlook a positive for nervous investors, says Stifel
In a "quick look" note following Home Depot's Q3 report, Stifel analyst John Baugh stated ahead of the company's call that he believes the company's implied Q4 guidance is "solid" and will be viewed positively given the anxious investor sentiment. Baugh, who keeps a Buy rating on Home Depot shares, feels the stock can bounce, citing its "relatively low" multiple.
11/13/18
LOOP
11/13/18
NO CHANGE
Target $180
LOOP
Hold
Home Depot price target lowered to $180 from $200 at Loop Capital
Loop Capital analyst Laura Champine lowered her price target for Home Depot to $180 from $200 as she moderates long-term sales and margin expectations. Based on updated guidance, the analyst is shaving 20 bps off her Q4 same-store sales estimate, now at 4.8%, and adding a penny in EPS to $2.11 on a better SG&A expense rate. Champine reiterates a Hold rating on the shares.

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