J.P. Morgan Maintains Overweight on The Home Depot (HD)

J.P. Morgan is out with its report today on The Home Depot HD, maintaining Overweight. In a note to clients, J.P. Morgan writes, "We continue to rate HD Overweight. With positive comps firmly in place after four years of negative trends (2006-2009), during which consumers under-invested in the average U.S. home, we believe HD is on a multi-year path of generally accelerating comps as sales productivity is more than 25% off peak." J.P. Morgan maintains a $43 PT on HD. Shares of HD closed Tuesday at $37.40, up 1.14% from Monday's close.