RBC Capital Maintains Sector Perform on Home Depot, Raises Price Target to $377
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Steven Shemesh has maintained a 'Sector Perform' rating on Home Depot (HD) and increased the price target from $299 to $377.
February 26, 2024 | 3:57 pm
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RBC Capital has maintained a 'Sector Perform' rating on Home Depot and raised the price target from $299 to $377.
The increase in price target by RBC Capital suggests a positive outlook on Home Depot's stock, potentially leading to increased investor confidence and a short-term rise in stock price. The 'Sector Perform' rating indicates that the stock is expected to perform in line with the sector, but the raised target price signals an optimistic view on the company's valuation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100