Barclays Expects Positive Tone From Home Depot's (HD) Analyst Day; Remains a 'Top Pick'

Barclays maintains an 'Overweight' on Home Depot (NYSE: HD) price target of $57.00.

Analyst, Alan M. Rifkin, said, "Expect management to maintain 2012 financial outlook...Long-term financial targets likely to be increased...Industry outlook likely to remain conservative."

"We expect to come away from next week's analyst day with renewed confidence in Home Depot's near-term and long-run prospects. Home Depot remains one of our Top Picks in Retail Hardlines."

For an analyst ratings summary and ratings history on Home Depot click here. For more ratings news on Home Depot click here.

Shares of Home Depot closed at $49.71 yesterday.

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