Dollar just lower; steadying after key inflation data

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Home Depot (HD) PT Lowered to $318 at HSBC

May 15, 2024 8:58 AM EDT

HSBC analyst Daniela Bretthauer lowered the price target on Home Depot (NYSE: HD) to $318.00 (from $323.00) while maintaining a Reduce rating.

The analyst comments "We retain our Reduce rating and lower our TP to USD318 from USD 323: We fine-tune our EPS... More

KeyBanc comments on Home Depot (HD) earnings

May 14, 2024 8:33 AM EDT

KeyBanc comments on Home Depot (NYSE: HD) earnings.

The analyst comments "1Q results were largely in line with expectation. HD reported mixed 1Q results, with EPS above consensus but comps softer than expected, due to a delayed start to spring and continued softness in larger... More

Goldman Sachs Reiterates Buy Rating on Home Depot (HD)

May 14, 2024 8:17 AM EDT

Goldman Sachs analyst Kate McShane reiterated a Buy rating and $388.00 price target on Home Depot (NYSE: HD)

The analyst comments "HD reported 1Q24 EPS of $3.63, below the GS estimate of $3.70 but above consensus (Refinitiv) of $3.60. Net sales decreased 2.3% y/y to $36.4bn (vs. GS/consensus of $37.0bn/$36.7bn) as comparable... More

Morgan Stanley Reiterates Overweight Rating on Home Depot (HD)

May 14, 2024 8:07 AM EDT

Morgan Stanley analyst Simeon Gutman reiterated an Overweight rating and $380.00 price target on Home Depot (NYSE: HD)

The analyst comments "No guidance change is good news for this bottom of cycle bellwether. 1H bathtub effect is not unusual. 24/25 estimates seem fine. No major... More

Evercore ISI Reiterates Outperform Rating on Home Depot (HD)

May 14, 2024 8:04 AM EDT

Evercore ISI analyst Greg Melich reiterated an Outperform rating and $420.00 price target on Home Depot (NYSE: HD)

The analyst comments "1Q in line and 2024 guidance reaffirmed (excl. SRS acquisition) mean the 9AM call will be key. EPS beat slightly and comps slightly below street expectations. 1Q comps of -2.8% compares to... More

RBC Capital Reiterates Sector Perform Rating on Home Depot (HD)

May 14, 2024 7:52 AM EDT

RBC Capital analyst Steven Shemesh reiterated a Sector Perform rating and $377.00 price target on Home Depot (NYSE: HD)

The analyst comments "Bottom line: Comp missed, but was in-line w/ RBCe and where we believe the buyside was positioned. EPS beat by 1%, but... More

Citi Comments on Home Depot (HD) Earnings

May 14, 2024 7:51 AM EDT

Citi Comments on Home Depot (NYSE: HD).

The analyst comments "HD reported a mixed 1Q print (i) EPS slightly beat the Street driven by a 9c lower tax rate benefit as EBIT missed, (iii) SSS of -2.8% missed the Street's -2.0% estimate with... More

DA Davidson Adds Walmart (WMT) to Best of Breed Bison List

May 14, 2024 6:09 AM EDT

DA Davidson analyst Katy Hallberg reiterated a Buy rating and $69.00 price target on Walmart (NYSE: WMT).

The analyst comments "We are adding Walmart as our next Best-of-Breed Bison company within the framework developed by D.A. Davidsons research team to find long term,... More

Home Depot (HD) earnings preview

May 13, 2024 3:00 PM EDT

Home Depot (NYSE: HD) is set to report its first-quarter 2024 earnings on Tuesday, May 14th, with analysts at Telsey Advisory Group (TAG) offering insights into what investors can anticipate from the retail giant.

TAG's view on Home Depot's performance remains cautious, citing several factors contributing to near-term softness. One key challenge... More

Oppenheimer Positive on Walmart (WMT): 'WMT remains a top pick for us'

May 13, 2024 7:18 AM EDT

Oppenheimer analyst Rupesh Parikh reiterated an Outperform rating and $67.00 price target on Walmart (NYSE: WMT).

The analyst comments "WMT will report Q1 results on 5/16. Ahead of the print, we spent time reviewing the setup and also assessing the competitiveness of AMZN's new grocery... More