Goldman Sachs Upgrades HD To Buy

Goldman Sachs is upgrading Home Depot, Inc. HD to Buy. “We expect HD to outperform as the company delivers on well-articulated strategies to propel profitability,” Goldman Sachs writes. “Sales visibility is high, and we are raising our estimates and target. We expect HD to maintain a P/E multiple premium – we use roughly one turn – based on higher returns on capital.” Home Depot currently trades at $36.65.