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Fly News Breaks for March 5, 2015
LOW, HD
Mar 5, 2015 | 08:03 EDT
Oppenheimer believes that Home Depot (HD) and Lowe's (LOW) have a number of positive catalysts, including solid U.S. consumer spending trends, significant slack in the U.S, housing recovery, improving market sentiment and investors' interest in domestic plays as the dollar strengthens. The firm raised its price target on Home Depot to $133 from $115 and on Lowe's to $85 from $77. Oppenheimer keeps Outperform ratings on both stocks.
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