Jefferies Boosts Numbers on Home Depot (HD) Ahead of Q4 Results

Jefferies raised its price target and estimates on Home Depot (NYSE: HD) ahead of Q4 results on Tuesday, February 21 before the bell.

The firm comments, "While we still prefer Home Depot to Lowe’s as it outperforms on the sales and EBIT line, both of these names are benefiting from the broader housing trade, which reflects another rebound in data recently. Vendor data is a little mixed, but our checks suggest Q4 should be at least in line with consensus."

The firm raised Q4 EPS from $0.40 to $0.42 and FY12 from $2.50 to $2.76. The price target was raised from $34 to $42.

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 $45.93 yesterday.

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