HSBC Reiterates Reduce on Home Depot, Maintains $323 Price Target
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Daniela Bretthauer reiterated a Reduce rating on Home Depot (NYSE:HD) and maintained a $323 price target.

April 03, 2024 | 3:45 pm
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HSBC analyst Daniela Bretthauer reiterated a Reduce rating on Home Depot and maintained a $323 price target.
The reiteration of a Reduce rating by a prominent analyst could lead to negative sentiment among investors, potentially impacting Home Depot's stock price in the short term. The maintenance of the $323 price target suggests that the analyst's view on the company's valuation has not changed, reinforcing the negative outlook.
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