Stifel Maintains Hold on Home Depot, Lowers Price Target to $306
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst John Baugh has maintained a Hold rating on Home Depot (NYSE:HD) but has reduced the price target from $350 to $306.
November 13, 2023 | 3:22 pm
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Stifel analyst John Baugh maintains a Hold rating on Home Depot but lowers the price target from $350 to $306, indicating a potential downside compared to the previous target.
The reduction in Home Depot's price target by Stifel suggests that the analyst sees less upside potential for the stock, which could lead to a negative short-term reaction in the market. The Hold rating indicates that the analyst does not see significant downside risk, but the lowered price target could still result in a negative perception among investors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100