Goldman Sachs Upgrades HD Supply Holdings (HDS) to Buy

Goldman Sachs upgraded HD Supply Holdings (NASDAQ: HDS) from Sell to Buy with a price target of $34.00.

Analyst Joe Ritchie said, "We upgrade shares of HDS to Buy from Sell as we believe its solid track record of execution, attractive end market exposure, and strong operating leverage will drive 14% EBITDA CAGR from FY14-FY16. In addition, we raise our target multiple to 11.3x from 10.0x 2015E EBITDA as in our view, HDS should sustain a premium to comps like GWW given its better top line/EBITDA growth profile."

For an analyst ratings summary and ratings history on HD Supply Holdings click here. For more ratings news on HD Supply Holdings click here.

Shares of HD Supply Holdings closed at $28.30 yesterday.

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