Jefferies Reiterates Buy on Home Depot (HD) After Mingledorff’s Deal

Jefferies analyst Jonathan Matuszewski reiterated a Buy rating on Home Depot (HD) following the company's announcement of its acquisition of Interline Brands, Inc. from private equity firm Clayton, Dubilier & Rice. The deal, valued at $1.45 billion, is expected to close in the third quarter of 2018. Matuszewski noted that the acquisition is "strategically sound" and "accretive to earnings" and that Home Depot is "well-positioned to integrate Interline Brands and realize significant synergies."