Fly News Breaks for December 12, 2019
Dec 12, 2019 | 09:30 EDT
Loop Capital analyst Laura Champine lowered her price target on Home Depot to $200 and kept her Hold rating after its Analyst Day guidance, saying her valuation model now reflects the management's more bearish margin expectations for 2020. The analyst adds that Home Depot's new CFO wants to lower the bar for next year, but directionally, she sees the outlook as "disappointing" with risk/reward bias trending toward more downside than upside potential.
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