UBS Maintains a 'Buy' on Home Depot (HD); Generating More Resources That It Can Plow Back Into The Business
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Price: $338.86 -0.83%
Rating Summary:
28 Buy, 21 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
28 Buy, 21 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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UBS maintains a 'Buy' on Home Depot (NYSE: HD) price target raised from $51 to $53.
UBS analyst said, "4Q’11 headline was that HD generated a 6% comp & 40% EPS growth: This performance occurred even before the benefit of a robust housing recovery kicked in. Beneficial weather conditions provided a boost (~200 to 250 bps of comp), but trends remained strong in February after temperatures cooled across much of the country. Florida and California comped in-line to better than the average. All of these factors point to a sweet and long-lasting cyclical upturn."
UBS raises FY13 EPS estimate from $2.78 to $2.85 and FY14 from $3.12 to $3.24.
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 $46.92 yesterday.
UBS analyst said, "4Q’11 headline was that HD generated a 6% comp & 40% EPS growth: This performance occurred even before the benefit of a robust housing recovery kicked in. Beneficial weather conditions provided a boost (~200 to 250 bps of comp), but trends remained strong in February after temperatures cooled across much of the country. Florida and California comped in-line to better than the average. All of these factors point to a sweet and long-lasting cyclical upturn."
UBS raises FY13 EPS estimate from $2.78 to $2.85 and FY14 from $3.12 to $3.24.
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 $46.92 yesterday.
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