Home Depot's $5.5B Deal Expands Its Reach To Thousands Of Job Sites

Bank of America Securities analyst Robert F. Ohmes maintained a Buy rating on Home Depot (NYSE:HD) with a price target of $450 on Tuesday. Ohmes noted that Home Depot announced plans for SRS Distribution to acquire GMS Inc (NYSE:GMS) for $110 per share or ~$4.3 billion (an implied EV of ~$5.5…