Bank of America Pushing Home Depot Shares (HD)
Created by Dividend.com
Investment firm Bank of America/Merrill Lynch is raising shares of Home Depot (HD
) to a buy this morning.
The rating is going from an Underperform to a Buy. The firm is also raising their price target on Home Depot from $24 to $29.
Shares of Home Depot are up .66% in pre-market trading Friday morning.
The Bottom Line
We have been recommending shares of HD since July 30, when the stock was trading at $25.39. The company has a 3.51% dividend yield, based on last night’s closing stock price of $25.63.
Home Depot (HD) is a recommended stock at this time, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars.
Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.
