Piper Jaffray Maintains Home Depot Neutral, Raises PT Slightly To $33 (HD)

Piper Jaffray maintained its Home Depot HD Neutral rating and raised its Home Depot price target from $32 to $33 in a research report published today. In the report, Piper Jaffray states, "We believe HD has done a good job growing OPM over the past couple of years, however, difficult comps, persistent negative trends in housing, unemployment and one-time benefits associated with the first time homebuyer tax credit and cash for appliances could make for headwinds in the 1H F11." Shares of Home Depot were at $38.25 in Thursday after-hours trading, up 0.18% from Thursday's market close.