Improving Housing Market Spurs Home Depot Upgrade


Improving Housing Market Spurs Home Depot Upgrade

Atlanta, GA, Feb. 8, 2010–The improving housing market has prompted Morgan Stanley to upgrade Home Depot from Equal-Weight to Overweight.

“We believe that the turn in housing is real,” said analyst Gregory Melich said, adding that increases in year-over-year rates of existing home sales are a good indication that traffic should continue to boost same-store sales into 2010.

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