Evercore ISI Group Maintains Outperform on Home Depot, Lowers Price Target to $415
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Greg Melich maintains an Outperform rating on Home Depot (HD) but lowers the price target from $420 to $415.

April 16, 2024 | 2:53 pm
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NEUTRAL IMPACT
Evercore ISI Group maintains an Outperform rating on Home Depot but lowers the price target from $420 to $415.
The adjustment in price target by Evercore ISI Group, while maintaining an Outperform rating, suggests a positive outlook on Home Depot's performance but with a slightly moderated growth expectation. This could lead to a neutral short-term impact on the stock as the market digests the slight reduction in the price target against the backdrop of a continued positive rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100