Home Depot Stock Has 10% Upside, According to 1 Wall Street Analyst

According to a Bank of America analyst, home improvement retailer Home Depot (HD -4.06%) stock has slightly more than 10% upside potential. The analyst retained a buy rating on the stock and raised the price target to $425 from $400 following the announcement to buy SRS Distribution for an enterprise value, or EV, (market cap plus net debt) of $18.25 billion.Home Depot's deal detailsLooking into the deal's details, SRS is a residential specialty trade distribution company focused on the professional roofing ...