Home Depot in Neutral Lane
January 19, 2011 at 09:01 AM EST
We reiterate our ‘Neutral’ recommendation on The Home Depot Inc. (HD). The company has been able to optimize capital allocation and concentrate on core business activities by following the strategy of shutting down underperforming stores. However, relentless job losses and a consequent check on consumer discretionary spends keep us cautious on the stock. Home Depot [...]