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 36.75

+1.06 +2.97%
Volume: 748,322
Track BJ

COST 60.44

+1.03 +1.73%
Volume: 3,698,179
Track COST

HD 26.81

+0.73 +2.80%
Volume: 13,331,129
Track HD

LOW 21.25

+0.31 +1.48%
Volume: 14,602,871
Track LOW

PETM 24.59

+0.44 +1.82%
Volume: 775,199
Track PETM

TGT 50.45

+0.75 +1.51%
Volume: 8,792,638
Track TGT

WMT 52.00

+0.75 +1.46%
Volume: 15,284,701
Track WMT


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