Telsey Advisory Group Maintains Market Perform on Home Depot, Lowers Price Target to $330
Portfolio Pulse from Benzinga Newsdesk
Telsey Advisory Group analyst Joseph Feldman has maintained a 'Market Perform' rating on Home Depot (NYSE:HD) but lowered the price target from $335 to $330.
October 04, 2023 | 9:15 am
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Home Depot's price target has been lowered from $335 to $330 by Telsey Advisory Group, though the 'Market Perform' rating is maintained.
The lowering of the price target by Telsey Advisory Group could potentially lead to a negative sentiment among investors, which may put downward pressure on Home Depot's stock price in the short term. However, the maintenance of the 'Market Perform' rating indicates that the company's overall performance is still expected to be in line with the market.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100