UPDATE: Goldman Sachs Raises PT on Home Depot from $37 to $39

Goldman Sachs has published a research report on Home Depot HD raising the price target. In the report, Goldman Sachs wrote, "We are raising our forecast for HD to reflect the flow through of the 2Q beat, slightly higher sales and margins, and more buybacks. Our 2011E/2012E/2013E EPS go to $2.34/$2.70/$3.10 from $2.26/$2.65/$3.05." Goldman Sachs rated Home Depot a BUY with a price target raised from $37 to $39. Home Depot closed Tuesday at $33.74.