DA Davidson Maintains Neutral on Home Depot, Raises Price Target to $320
Portfolio Pulse from richadhand@benzinga.com
DA Davidson analyst Michael Baker maintains a Neutral rating on Home Depot (NYSE:HD) and raises the price target from $290 to $320.
August 16, 2023 | 2:11 pm
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POSITIVE IMPACT
Home Depot's price target has been raised from $290 to $320 by DA Davidson, while maintaining a Neutral rating.
The increase in price target indicates that the analyst sees potential for the stock's price to rise in the future. However, the Neutral rating suggests that the analyst does not see the stock as a strong buy or sell at the moment. This could lead to a positive impact on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100