Home Depot (HD) Message Board

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Non-Tech : Home Depot (HD)

HD 362.30

-1.6%

Nov 14 9:30 AM EST

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To: JeffreyP who wrote (267)	7/8/1998 11:36:00 AM
From: Beltropolis Boy	of 1169

RESEARCH ALERT - Lowe's, Home Depot targets raised July 8, 1998 10:33 AM NEW YORK, July 8 (Reuters) - Lehman Brothers said Wednesday that analyst William Julian raised his price targets and earnings estimates on Lowe's Cos. Inc (LOW) and Home Depot Inc. (HD). -- Raised Home Depot target to $55 a share from $42. Raised 1998 earnings estimate to $1.05 a share from $1.03 and 1999 estimate to $1.25 a share from $1.24. -- Raised Lowe's target to $55 a share from $50. Raised 1998 earnings estimate to $1.30 a share from $1.29 and kept 1999 estimate at $1.55 a share. -- Reiterated outperform rating on Home Depot and buy rating on Lowe's. -- Also reiterated Circuit City Stores Inc. (CC) outperform rating, $60 target price, $1.58 a share 1998 estimate and $2.17 a share 1999 estimate. -- Home Depot rose 13/16 to 47, Lowe's climbed 7/16 to 45-1/16 and Circuit City gained 5/16 to 50-1/4.

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