Will This Price Target Increase Help Home Depot (HD) Stock Today?

NEW YORK (TheStreet) -- BMO Capital increased its price target on Home Depot  (HD) to $92, increased its estimates through 2015 and set an "outperform" rating. The firm said the company continues to execute despite weaker macro trends.

The stock was down 0.32% to $87.95 in pre-market trading Wednesday.

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Separately, 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."

You can view the full analysis from the report here: HD Ratings Report

HD Chart HD data by YCharts

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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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