J.P. Morgan Comments on Home Depot

J.P. Morgan has published a research report on the Home Depot HD. In the report, J.P. Morgan wrote, "As we have discussed in the past, customer traffic (and retail stocks) tend to build like a snowball rolling down a hill as an improved consumer experience on one visit emboldens that consumer to come back in the future." J.P. Morgan rated Home Depot an Overweight with no price target given. Home Depot closed Monday at $31.46.