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Home Depot sets $15 billion share buyback, investment plan


By Sruthi Ramakrishnan(Reuters) - Home Depot Inc announced a $15 billion share buyback plan on Wednesday and said it would invest in improving its stores to hit a $120 billion annual sales target in the next three years.The retailer's shares fell 1.4 percent to $180.22 on the New York Stock Exchange as its latest buyback target pointed to a slowdown in the pace of repurchases.The largest U.S. home improvement store chain said it expects to buy back $12.5 billion over the next three years, compared with the $8 billion it plans to buy for the year ending January 2018. It plans to buy $2.1 ...

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First Published: Thu, December 07 2017. 00:45 IST