Truist Securities Maintains Buy on Home Depot, Lowers Price Target to $341
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Scot Ciccarelli has maintained a 'Buy' rating on Home Depot (NYSE:HD) but lowered the price target from $372 to $341.
October 05, 2023 | 1:13 pm
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Home Depot's price target has been lowered by Truist Securities from $372 to $341, although the 'Buy' rating is maintained.
While the 'Buy' rating is maintained, the lowering of the price target could indicate a potential decrease in the short-term performance of Home Depot's stock. However, the impact may be neutral as the 'Buy' rating suggests that the stock is still expected to perform well in the long run.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100