UBS Maintains Buy on Home Depot, Lowers Price Target to $400
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Michael Lasser maintains a Buy rating on Home Depot (NYSE:HD) but lowers the price target from $411 to $400.
May 15, 2024 | 2:13 pm
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NEUTRAL IMPACT
UBS analyst Michael Lasser maintains a Buy rating on Home Depot but lowers the price target from $411 to $400. This suggests continued confidence in the stock but with slightly tempered expectations.
The maintained Buy rating indicates continued confidence in Home Depot's performance. However, the lowered price target suggests a slight reduction in expected upside, which may lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100