Guggenheim Maintains Buy on Home Depot, Raises Price Target to $390
Portfolio Pulse from Benzinga Newsdesk
Guggenheim analyst Steven Forbes maintains a Buy rating on Home Depot (HD) and raises the price target from $370 to $390.

February 21, 2024 | 6:02 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Guggenheim maintains a Buy rating on Home Depot and increases the price target to $390.
The upgrade in price target by a reputable analyst like Steven Forbes from Guggenheim signals a strong confidence in Home Depot's future performance. This is likely to positively influence investor sentiment and potentially increase the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100