New York, NY, November 15, 2006--J.P. Morgan upgraded home-improvement retailer Home Depot, to overweight from underweight, saying management seems more willing to invest in the retail business in 2007.
In addition, the broker told clients that should strategies fall short, then more significant changes to the current senior management team are possible.
J.P. Morgan also said it anticipates that larger-scale plans to develop a self-distribution network of some sort will be addressed at the company's analyst meeting in February 2007.
