This morning, Bank of America increased its EPS estimates on shares of the Home Depot (NYSE:HD) through 2013 as increased demand from home renovations could help earnings. In the report, Bank of America set a new price target of $50 per share.
In afternoon trading, shares of HD were modestly lower, falling 0.2% with the general markets.
And Citigroup upgraded shares of Williams Sonoma (NYSE:WSM) from neutral to buy as strong sales could push earnings higher at the home goods retailer. With the upgrade, Citigroup set a price target of $42 per share.
William Sonoma shares were higher on the news, climbing 2.6% so far.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.