Truist Securities Maintains Buy on Home Depot, Raises Price Target to $387
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 $356 to $387.
December 21, 2023 | 3:34 pm
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POSITIVE IMPACT
Truist Securities analyst Scot Ciccarelli maintains a Buy rating on Home Depot and raises the price target to $387, indicating a positive outlook on the stock.
The increase in price target by Truist Securities suggests a strong confidence in Home Depot's future performance. This endorsement from a reputable analyst could lead to increased investor confidence and a potential short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100