HSBC Initiates Coverage On Home Depot with Hold Rating, Announces Price Target of $365
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Daniela Bretthauer initiates coverage on Home Depot (NYSE:HD) with a Hold rating and a price target of $365.
September 22, 2023 | 11:03 am
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HSBC has initiated coverage on Home Depot with a Hold rating and a price target of $365.
The Hold rating from HSBC indicates that the analyst believes Home Depot's stock is fairly valued at current levels. The price target of $365 suggests that the analyst sees limited upside potential in the short term. This could lead to a neutral impact on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100