Stifel Initiates Coverage On Home Depot with Hold Rating, Announces Price Target of $350
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst John Baugh has initiated coverage on Home Depot (NYSE:HD) with a Hold rating and a price target of $350.
September 07, 2023 | 8:14 am
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Home Depot has been initiated with a Hold rating by Stifel with a price target of $350.
The Hold rating indicates that Stifel expects Home Depot's stock to perform in line with the market or sector in the short term. The price target of $350 suggests that Stifel sees potential for the stock's price to increase. However, as this is an initiation of coverage, it may not have an immediate impact on the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100