Home Depot "buy"

07/20/05 - Janney Montgomery Scott

NEW YORK, July 20 (newratings.com) - Analysts at Janney Montgomery Scott reiterate their "buy" rating on The Home Depot Inc (HD). The 12-month target price is set to $52.

In a research note published yesterday, the analysts mention that the company's organic growth is expected to be boosted through acquisitions in the commercial services and professional home improvement markets. Home Depot's current and proposed initiatives are likely to lead to market share gains for the company's traditional and new business segments, the analysts say.