Nomura Securities Reiterates Buy on Home Depot (HD) Following In-Line 2Q Report

Nomura Securities reiterated a Buy rating and $155.00 price target on Home Depot (NYSE: HD) following the company's 2Q earnings report. HD reported EPS in-line with consensus estimates.

Nomura commented, "HD reported 2Q16 EPS of $1.97, in line with our est. and consensus. We were impressed with the results, particularly since there was an error in HD’s order logic that affected the order flow during the Q (since corrected). We note that HD achieved broad-based growth across merch categories and geographies, and both ticket and transactions were positive. We see significant opportunity for this momentum to continue."

For an analyst ratings summary and ratings history on Home Depot click here. For more ratings news on Home Depot click here.

Shares of Home Depot closed at $136.23 yesterday.

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