Barclays on Home Improvement: Further Signs of a Turn - Raising Numbers on HD & LOW
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Price: $335.61 +0.33%
Rating Summary:
28 Buy, 21 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
28 Buy, 21 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Barclays on Home Improvement: Further Signs of a Turn
Analyst, Alan M. Rifkin, said, "We are increasing our price target, EPS and comp estimates on both Home Depot (NYSE: HD) and Lowe's (NYSE: LOW) given our belief that the worst of the housing crisis is behind us and that the housing environment appears to be stabilizing. While both home improvement companies' management teams remain cautiously optimistic about 2012, we believe there are incremental signs that we have reached a stabilization point."
Rifkin reiterates an 'Overweight' rating on HD, raising price target from $46 to $50. FY12 EPS estimates get a boost from $2.73 to $2.78...Stock remains a 'Top Pick'
Rifkin reiterates an 'Equalweight' on LOW, raising price target from $25 to $28. FY12 EPS estimate get a boost from $1.80 to $1.83 and FY13 from $2.06 to $2.11.
Analyst, Alan M. Rifkin, said, "We are increasing our price target, EPS and comp estimates on both Home Depot (NYSE: HD) and Lowe's (NYSE: LOW) given our belief that the worst of the housing crisis is behind us and that the housing environment appears to be stabilizing. While both home improvement companies' management teams remain cautiously optimistic about 2012, we believe there are incremental signs that we have reached a stabilization point."
Rifkin reiterates an 'Overweight' rating on HD, raising price target from $46 to $50. FY12 EPS estimates get a boost from $2.73 to $2.78...Stock remains a 'Top Pick'
Rifkin reiterates an 'Equalweight' on LOW, raising price target from $25 to $28. FY12 EPS estimate get a boost from $1.80 to $1.83 and FY13 from $2.06 to $2.11.
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