Analysts Offer Insights on Services Companies: Home Depot (NYSE: HD) and Macquarie Infrastructure Company (NYSE: MIC)

By Carrie Williams

There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on Home Depot (NYSE: HD) and Macquarie Infrastructure Company (NYSE: MIC) with bullish sentiments.

Home Depot (NYSE: HD)

Oppenheimer analyst Brian Nagel assigned a Buy rating to Home Depot (NYSE: HD) yesterday and set a price target of $140. The company’s shares closed yesterday at $122.01.

According to TipRanks.com, Nagel is a 4-star analyst with an average return of 1.1% and a 45.4% success rate. Nagel covers the Services sector, focusing on stocks such as Dick’s Sporting Goods, Advance Auto Parts, and Lumber Liquidators.

Currently, the analyst consensus on Home Depot is Strong Buy and the average price target is $151.20, representing a 23.9% upside.

In a report issued on October 17, Deutsche Bank also reiterated a Buy rating on the stock with a $145 price target.
Macquarie Infrastructure Company (NYSE: MIC)

In a report released yesterday, Ian Zaffino from Oppenheimer assigned a Buy rating to Macquarie Infrastructure Company (NYSE: MIC), with a price target of $100. The company’s shares closed yesterday at $81.81, close to its 52-week high of $85.

According to TipRanks.com, Zaffino is a 5-star analyst with an average return of 5.8% and a 60.4% success rate. Zaffino covers the Services sector, focusing on stocks such as Interval Leisure Group, Bristow Group Inc, and Scholastic Corp.

Macquarie Infrastructure Company has an analyst consensus of Strong Buy, with a price target consensus of $95.50.