Barclays Keeps Home Depot (HD) as 'Top Pick'; Impressive 1Q Underscores Robust Business
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Price: $336.11 +0.22%
Rating Summary:
25 Buy, 20 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 15 | Down: 8 | New: 36
Rating Summary:
25 Buy, 20 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 15 | Down: 8 | New: 36
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Barclays maintains an 'Overweight' on Home Depot (NYSE: HD) price target of $57.00.
Analyst, Alan M. Rifkin, said, "The Home Depot reported continuing 1Q EPS of $0.65, above our estimate of $0.64 and compared to $0.50 last year. 1Q same-store sales of 5.8%, though slightly below our 6.0% expectation, represented the company's strongest compare since 1Q04. In the U.S., comps increased an impressive 6.1%."
Rifkin raises FY12 EPS estimate from $2.90 to $2.95, FY13 from $3.25 to $3.30 and FY14 from $3.70 to $3.75.
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 $48.67 yesterday.
Analyst, Alan M. Rifkin, said, "The Home Depot reported continuing 1Q EPS of $0.65, above our estimate of $0.64 and compared to $0.50 last year. 1Q same-store sales of 5.8%, though slightly below our 6.0% expectation, represented the company's strongest compare since 1Q04. In the U.S., comps increased an impressive 6.1%."
Rifkin raises FY12 EPS estimate from $2.90 to $2.95, FY13 from $3.25 to $3.30 and FY14 from $3.70 to $3.75.
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 $48.67 yesterday.
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