Citigroup Maintains Buy on Home Depot, Lowers Price Target to $395
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Steven Zaccone maintains a Buy rating on Home Depot (HD) but lowers the price target from $415 to $395.
May 07, 2024 | 5:58 pm
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NEUTRAL IMPACT
Citigroup maintains a Buy rating on Home Depot but lowers the price target from $415 to $395.
While the reduction in price target could suggest a slightly more cautious outlook on Home Depot's stock, the maintenance of a Buy rating indicates continued confidence in the company's fundamentals. The adjustment in price target might reflect recent market conditions or adjustments in valuation models. However, the overall positive stance suggests that any negative impact on the stock price might be limited, balancing out to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100