Oppenheimer Maintains Outperform on Home Depot, Lowers Price Target to $360
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Timothy Horan maintains an Outperform rating on Home Depot (NYSE:HD) but lowers the price target from $400 to $360.
May 19, 2023 | 10:05 am
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NEUTRAL IMPACT
Home Depot's price target has been lowered from $400 to $360 by Oppenheimer, but the Outperform rating is maintained.
The news of Oppenheimer lowering Home Depot's price target may have a neutral short-term impact on the stock price. While the reduced target may cause some concern among investors, the maintained Outperform rating indicates that the analyst still believes in the company's potential for growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100