Android app on Google Play

Nomura Comments on Home Depot (HD), Sees Opportunity Elsewhere

November 14, 2012 9:10 AM EST Send to a Friend
Get Alerts HD Hot Sheet
Price: $75.89 -0.11%

Rating Summary:
    10 Buy, 12 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 32 | Down: 12 | New: 29
Trade HD Now!
Join SI Premium – FREE
Nomura Securities maintained a Neutral rating on Home Depot (NYSE: HD) and raised its price target to $63.00 (from $55.00).

"We have remained Neutral on HD shares despite strong execution and market share gains, and the strong year-to-date performance for HD," said analyst Aram Rubinson.

"The story is becoming a bit of a virtuous loop whereby HD adds debt in order to buy shares so that it can keep up with increasing levels of profitability. We see the story as a compelling one, though it is not lost on the market with valuation nearing 10x 2013 EBITDA estimates," added Rubinson.

He sees bigger opportunity in Sherwin-Williams (NYSE: SHW) and Lowe's (NYSE: LOW).

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 $63.38 yesterday.




You May Also Be Interested In


Related Categories

Analyst Comments, Analyst EPS View, Analyst PT Change

Related Entities

Nomura

Add Your Comment