Evercore ISI analyst Greg Melich is removing Home Depot from the firm’s "Tactical Underperform" list following Tuesday’s earnings release and guidance. The stock’s 7% drop post the print and guidance into the $280-$300 range puts it where the firm saw support when it initiated the call, said Evercore, which has an Outperform rating and $340 price target on Home Depot shares.
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Published first on TheFly
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