NEW YORK (TheStreet) -- Home Depot (HD) shares are down slightly, -0.25% to $80.46, after having coverage initiated with an "equalweight" rating by analysts at Morgan Stanley (MS) on Tuesday.
The firm believes that instability in the housing market could hurt the stock's growth despite projected high teens to 20% EPS growth .
The firm set a $90 price target on the shares, suggesting a 12% upside from the stock's opening price today.
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TheStreet Ratings team rates HOME DEPOT INC as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:
"We rate HOME DEPOT INC (HD) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, impressive record of earnings per share growth, increase in net income and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."