(Bloomberg) -- Home Depot Inc., the world's largest
home-improvement retailer, was raised to ``buy'' by Goldman,
Sachs & Co. on speculation that new management may take more
measures to boost the company's share price.
The company, previously rated ``neutral,'' will benefit from
Chief Executive Officer Frank Blake's focus on retail operations,
analyst Matthew Fassler wrote in a note to investors. Blake, who
replaced Robert Nardelli in January, ``has no agenda beyond
driving a higher stock price,'' Fassler wrote.
Read more at Bloomberg Stocks News
home-improvement retailer, was raised to ``buy'' by Goldman,
Sachs & Co. on speculation that new management may take more
measures to boost the company's share price.
The company, previously rated ``neutral,'' will benefit from
Chief Executive Officer Frank Blake's focus on retail operations,
analyst Matthew Fassler wrote in a note to investors. Blake, who
replaced Robert Nardelli in January, ``has no agenda beyond
driving a higher stock price,'' Fassler wrote.
Read more at Bloomberg Stocks News
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