Baird Initiates Coverage on Several Retailers

June 3, 2009 7:52 AM EDT

Baird initiates coverage on Home Depot (NYSE: HD) (PT $28), Lowe's (NYSE: LOW), Target (NYSE: TGT) (PT $50) & Wal-Mart (NYSE: WMT) (PT $60) with an Outperform.

Baird initiates coverage on BJ's Wholesale (NYSE: BJ) (PT $40), Costco (Nasdaq: COST) (PT $53) & PetSmart (Nasdaq: PETM) (PT $22) with a Neutral.


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New Coverage

Stocks Mentioned

BJ 36.18

-0.57 -1.55%
Volume: 2,080,786
Track BJ

COST 60.04

-0.40 -0.66%
Volume: 3,078,670
Track COST

HD 26.82

+0.01 +0.04%
Volume: 14,851,808
Track HD

LOW 21.01

-0.24 -1.13%
Volume: 15,444,680
Track LOW

PETM 24.62

+0.03 +0.12%
Volume: 620,307
Track PETM

TGT 50.49

+0.04 +0.08%
Volume: 4,833,228
Track TGT

WMT 52.31

+0.31 +0.60%
Volume: 16,823,367
Track WMT


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