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 HD with a price target of $450 on Tuesday.Ohmes noted that Home Depot announced plans for SRS Distribution to acquire GMS Inc GMS for $110 per share or ~$4.3 billion (an implied EV of ~$5.5 billion).The analyst said GMS is a leading distributor of specialty building products, including drywall, ceilings, and steel framing, in both residential and commercial markets.Also Read: Home Depot’s Distribution Arm Expands With $ ...