Wall Street Strategies Reiterates Home Depot Buy, $44 PT

Wall Street Strategies reiterated its Home Depot HD Buy rating and $44 price target in a research report published today. In the report, Wall Street Strategies states, "Strangely, we may have underestimated the underlying momentum behind Home Depot's business in our pre-market note. Stripping out the sluggish sales results in outdoor related merchandise, Home Depot's comp trend was impressive on a stand-alone basis and when stacked up to Lowe's." Shares of Home Depot were trading at $37.37 at the time of posting, up 1.05% from Monday's market close.