Truist Securities Maintains Buy on Home Depot, Lowers Price Target to $406
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained its Buy rating on Home Depot (NYSE:HD) but has lowered the price target from $417 to $406.
May 15, 2024 | 1:58 pm
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Truist Securities has maintained its Buy rating on Home Depot but has lowered the price target from $417 to $406.
The Buy rating suggests continued confidence in Home Depot's performance, but the lowered price target indicates some caution about future growth. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100