Home Depot's $5.5B Deal Expands Its Reach To Thousands Of Job Sites
1. Bank of America maintains Buy rating for Home Depot with $450 target. 2. Home Depot plans $4.3 billion acquisition of GMS Inc for specialty distribution. 3. GMS adds new product verticals, enhancing Home Depot's distribution capabilities. 4. Acquisition expected to be accretive to EPS in the first year post-close. 5. Home Depot anticipates returning to a 2.0x leverage ratio by 2026.