Home Depot: Credit Suisse raises target price
(CercleFinance.com) - Credit Suisse has reinstated its "outperform" rating for the Home Depot stock, raising its corresponding target price from 183 dollars to 222 dollars, as well as its 2018 EPS estimate from 8.
12 dollars to 9.64 dollars (against a consensus of 8.86 dollars).
The analyst who monitors the stock held a meeting with the group's management, with positive elements on external factors for 2018, on company-specific initiatives and on profits resulting from the US tax reform.
"Strategically, we see a team very focused on executing its One Home Depot vision, integrating its various channels and creating a highly differentiated customer experience that should extend its lead in the category," he continued.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
12 dollars to 9.64 dollars (against a consensus of 8.86 dollars).
The analyst who monitors the stock held a meeting with the group's management, with positive elements on external factors for 2018, on company-specific initiatives and on profits resulting from the US tax reform.
"Strategically, we see a team very focused on executing its One Home Depot vision, integrating its various channels and creating a highly differentiated customer experience that should extend its lead in the category," he continued.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.