NEW YORK (TheStreet) -- Shares of Home Depot Inc. (HD) are slightly higher in pre-market trade after it was reported that the home improvement chain is working with Symantec Corp. (SYMC) and FishNet Security Inc. to help investigate a suspected data breach after learning of the possibility earlier this week, Bloomberg reports.
Home Deport is working with the companies and other top information-security firms to review the situation, the company said, without confirming that an intrusion has occurred, Bloomberg noted.
Home Depot announced on September 2 that it was investigating the incident, and said it was working with banks and law enforcement to see what happened.
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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, good cash flow from operations, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."