Deutsche Bank Maintains Hold on Home Depot (HD)

Deutsche Bank is out with its report today on Home Depot HD, maintaining Hold after HD announced Q1 11 results. In a note to clients, Deutsche Bank writes, "Overall stock reaction is probably neutral with some possibility of a relief rally that it wasn't worse. Although a bit light on sales and guidance, we had expected a soft quarter due to what LOW said yesterday and due to the data points leading into the quarter. Also consider that LOW's miss was bigger yesterday and that stock was down a relatively mild 3.6%." Deutsche Bank maintains a $38 PT on HD. At the time of posting, shares of HD were trading pre-market at $36.82, down 0.43% from Monday's close.