Home Depot (HD +1.7%) trades higher early after Jefferies upgrades the shares to Buy from Hold...


Home Depot (HD +1.7%) trades higher early after Jefferies upgrades the shares to Buy from Hold citing a bullish sales outlook. "Our checks continue to come back favorably," Jefferies says, "weather will not impede" strong Q1 comps. New price target is $85. Competitor Lowe's (LOW +0.5%) is higher by association. (See also: Home garden sales tip in March)

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