Home Depot (HD) to Acquire GMS (GMS) for $110/sh
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Raymond James on Home Depot (HD): 'the deal fits squarely with HD’s playbook'
June 30, 2025 11:20 AM UTCRaymond James analyst Matthew McClintock reiterated a Market Perform rating on Home Depot (NYSE: HD)
The analyst comments "Our View: Strategically, the deal fits squarely with HDs playbook accelerating growth in the Pro vertical and expanding its multi-category footprint. We see this as a logical bolt-on to the SRS... More
TD Cowen Reiterates Buy Rating on Home Depot (HD)
June 30, 2025 10:50 AM UTCTD Cowen analyst Max Rakhlenko reiterated a Buy rating and $470.00 price target on Home Depot (NYSE: HD)
The analyst comments "What Happened: HD entered into an agreement for SRS to acquire Gypsum Management & Supply (GMS) for $110/share. QXO made an initial bid at $95.20 several weeks ago and a WSJ report noted that HD also made their own offer (report didn't include figures). HD's mgmt noted that GMS will be a bolt on asset to SRS as the company continues to enter new Pro verticals. With GMS, SRS now controls... More
