Goldman Neutral On Home Depot (HD)

Goldman Sachs has a Neutral rating on The Home Depot, Inc. HD and a $35 price target on shares. The company is set to host an analyst meeting today. In a note sent to investors Goldman writes, "We expect a favorable reaction, but note a higher bar on two fronts: (1) Given reports of strong sales across the sector, investors expect good news in the short-run. (2) HD has so transformed its “story,” with substantial improvement in store-level culture and execution, and an overhaul of its IT and logistics infrastructure, that delivering insights that match the innovation of recent years is likely to prove challenging." Shares of HD lost 14 cents yesterday to close at $33.34.