Home Depot Maintains Neutral Rating

Piper Jaffray released its research report today on The Home Depot HD maintaining their Neutral rating and price target. The Home Depot is expected to have in line Q3 EPS of $0.47, consensus is $0.48. They are also believed to have Q3E of $16.7B compared to the consensus of $16.4B. Piper Jaffray writes, "We continue to maintain our Neutral rating and price target of $27 which is based on 13x our F11E EPS of $2.08." HD closed Thursday at $31.70.