Truist Securities Maintains Buy on Home Depot, Raises Price Target to $356
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Scot Ciccarelli has reaffirmed a Buy rating on Home Depot (NYSE:HD) and increased the price target from $340 to $356.
December 08, 2023 | 3:25 pm
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Truist Securities analyst Scot Ciccarelli has maintained a Buy rating on Home Depot and raised the price target to $356.
The reaffirmation of a Buy rating and an increase in the price target by Truist Securities is a strong positive signal to the market, suggesting that the analyst sees continued upside potential for Home Depot's stock. This could lead to increased investor confidence and a potential short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100