Wedbush Upgrades Home Depot to Outperform, Raises Price Target to $380
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Seth Basham has upgraded Home Depot (NYSE:HD) from Neutral to Outperform and increased the price target from $330 to $380, indicating a positive outlook for the company's stock.
January 10, 2024 | 12:51 pm
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POSITIVE IMPACT
Home Depot's stock rating has been upgraded by Wedbush analyst Seth Basham from Neutral to Outperform, with the price target raised from $330 to $380.
The upgrade by a prominent analyst typically signals confidence in the company's future performance and growth potential. The raised price target suggests that the analyst expects the stock to perform well in the short term, which could lead to increased investor interest and a potential rise in the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100