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.
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