RBC Capital Maintains Sector Perform on Home Depot, Lowers Price Target to $299
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Steven Shemesh has maintained a 'Sector Perform' rating on Home Depot (NYSE:HD) but reduced the price target from $303 to $299.
November 15, 2023 | 6:54 pm
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RBC Capital analyst has lowered the price target for Home Depot from $303 to $299 while maintaining a 'Sector Perform' rating.
The reduction in price target by RBC Capital suggests a slightly less optimistic outlook for Home Depot's stock price. However, since the rating remains unchanged at 'Sector Perform', the immediate impact on the stock price may be neutral. Investors may have already anticipated such adjustments, and the minor change in the price target does not indicate a significant shift in the company's fundamentals or prospects.
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IMPORTANCE 75
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