Guggenheim Maintains Buy on Home Depot, Lowers Price Target to $340
Portfolio Pulse from Benzinga Newsdesk
Guggenheim analyst Steven Forbes has maintained a Buy rating on Home Depot (NYSE:HD) but has reduced the price target from $360 to $340.

November 15, 2023 | 7:00 pm
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Guggenheim analyst Steven Forbes maintains a Buy rating on Home Depot but lowers the price target from $360 to $340.
The reduction in price target may cause some investors to adjust their valuation models for Home Depot, potentially leading to a short-term negative sentiment. However, the maintenance of a Buy rating suggests that the overall outlook remains positive, which could balance the impact on the stock price.
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