Nomura Securities Maintains a 'Neutral' on Home Depot (HD); Raising PT & Estimates

Nomura Securities maintains a 'Neutral' on Home Depot (NYSE: HD), new price target of $55.00.

Analyst, Aram Rubinson, said, "We raise EPS estimate and target to reflect greater likelihood of top line recovery. Our new EPS estimates of $3.04 (from $2.92) and $3.56 (from $3.30) are 10% and 14% ahead of consensus...We are keeping a Neutral rating on HD, even though we see upside to the shares price and have a tremendous amount of respect for the company, its re-energized culture and its competitive position. Instead, we are using Sherwin Williams (NYSE: SHW) and Lowe's (NYSE: LOW) as our Buy ratings in the sector."

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 $48.10 yesterday.

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