RBC Capital Initiates Coverage On Home Depot with Sector Perform Rating, Announces Price Target of $303
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Steven Shemesh has initiated coverage on Home Depot (NYSE:HD) with a Sector Perform rating and a price target of $303.

November 07, 2023 | 3:34 pm
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Home Depot has been initiated with a Sector Perform rating by RBC Capital, with a price target of $303.
The initiation of coverage by RBC Capital with a Sector Perform rating suggests that they expect Home Depot's stock to perform in line with the sector average. This is neither particularly positive nor negative news for the stock, hence the neutral score. The price target of $303 indicates where they believe the stock price will move in the future, which could influence investor sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100