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Bank of America Pushing Home Depot Shares (HD)

By Dividend.com Staff
November 6th, 2009

bank-of-america-pushing-home-depot-shares-hd

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.

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Disclaimer: Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. The author is not registered as an investment adviser. The author may or may not hold positions in the securities mentioned in this article or video. The author relies upon the "publisher's exclusion" from the definition of "investment adviser" as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.