Home Depot (HD) PT Raised to $215 at Argus
Argus raised its price target on Home Depot (NYSE: HD) to $215.00 (from $190.00) while maintaining a Buy rating.
The firm is raising FY19 EPS estimate on Home Depot to $9.35 from $8.30, which assumes growth of 28% this year. "The increase in our estimate primarily reflects a reduction in the tax rate from the 36% we had modeled to the company’s forecast of 26% due to the new tax law," the analyst said.