SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  For example, here is how to disable FireFox ad content blocking while on Silicon Investor.
Non-Tech : Home Depot (HD)
HD 212.00-1.8%4:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: JakeStraw3/20/2019 9:04:37 AM
   of 1170
 
Evercore initiating Home Depot as ‘outperform’

Evercore initiated coverage on Home Depot saying that, among other things, the stock is attractive and competition is shuttering.

“Compounder status intact... Fear Creates Opportunity... Cyclical pressures aside, we think Home Depot’s stock is attractive as the fears of the peak of the housing cycle and tough 1H compares appear to be in the stock at 16.7x our 2020 EPS estimate... The key positives are digital pushing 8% of sales, Pro at almost a majority of sales, pricing power if tariffs escalate, and competitors such as Sears going away while Lowe’s is shuttering capacity....Our Base Case of $215 is 19.5x our 2020e or $11.00... ”

cnbc.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext