UPDATE: J.P. Morgan Downgrades HD Supply Holdings Following Unexpected Estimate Cut

In a report published Wednesday, J.P. Morgan analyst C. Stephen Tusa Jr. downgraded the rating on HD Supply Holdings (NASDAQ: HDS ) from Overweight to Neutral, and lowered the price target from $27.00 to $23.00. In the report, J.P. Morgan noted, “We are downgrading HDS to N after an unexpected