Home Depot Price Target Cut to $122.00 from

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Home Depot Price Target Cut to $122.00 shared from your renovation contractor, remodeling contractor, restoration contractor serving Geneva, IL and surrounding suburbs.

February 16th, 2016 ~ Full article and credits here

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Home Depot Inc (NYSE:HD) had its target price cut by investment analysts at Oppenheimer from $133.00 to $122.00 in a report released on Friday, MarketBeat.Com reports. The firm currently has an “outperform” rating on the home improvement retailer’s stock. Oppenheimer’s price objective indicates a potential upside of 4.88% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. Citigroup Inc. raised their price objective on shares of Home Depot from $144.00 to $152.00 and gave the company a “buy” rating in a research report on Wednesday, December 9th. Vetr upgraded shares of Home Depot from a “sell” rating to a “hold” rating and set a $120.31 price objective for the company in a research report on Thursday, October 29th. Credit Suisse raised their price objective on shares of Home Depot from $126.18 to $135.00 and gave the company an “outperform” rating in a research report on Wednesday, November 18th. Nomura raised their price objective on shares of Home Depot from $130.00 to $140.00 and gave the company a “neutral” rating in a research report on Wednesday, December 9th. Finally, JPMorgan Chase & Co. restated a “buy” rating on shares of Home Depot in a research report on Thursday, January 21st. One research analyst has rated the stock with a sell rating, six have given a hold rating and sixteen have given a buy rating to the stock. Home Depot has an average rating of “Buy” and an average target price of $135.63.

HDSeveral large investors recently made changes to their positions in HD. Reynolds Capital Management increased its stake in shares of Home Depot by 37.3% in the fourth quarter. Reynolds Capital Management now owns 10,300 shares of the home improvement retailer’s stock valued at $1,362,000 after buying an additional 2,800 shares during the last quarter. Detwiler Fenton Investment Management bought a new stake in shares of Home Depot during the fourth quarter valued at about $312,000. Fisher Asset Management increased its stake in Home Depot by 1.1% in the fourth quarter. Fisher Asset Management now owns 8,466,178 shares of the home improvement retailer’s stock worth $1,119,652,000 after buying an additional 89,414 shares in the last quarter. Assetmark increased its stake in Home Depot by 22,120.2% in the third quarter. Assetmark now owns 23,109 shares of the home improvement retailer’s stock worth $2,669,000 after buying an additional 23,005 shares in the last quarter. Finally, Stock Yards Bank & Trust Company increased its stake in Home Depot by 1.8% in the fourth quarter. Stock Yards Bank & Trust Company now owns 85,039 shares of the home improvement retailer’s stock worth $11,246,000 after buying an additional 1,532 shares in the last quarter.

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