Truist Securities Maintains Buy on Home Depot, Lowers Price Target to $340-Report Released on 14th Nov 2023
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Scot Ciccarelli has maintained a Buy rating on Home Depot (NYSE:HD) but has lowered the price target from $341 to $340 as reported on November 14, 2023.
November 15, 2023 | 6:16 pm
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NEUTRAL IMPACT
Truist Securities reaffirmed a Buy rating on Home Depot but reduced the price target by $1 to $340.
The reduction in price target is minimal, suggesting only a slight adjustment in valuation rather than a significant change in the company's outlook. The reaffirmation of a Buy rating indicates a continued positive view on the stock, which could balance out the minor negative impact of the target price reduction.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100