TD Cowen Maintains Buy on Home Depot, Lowers Price Target to $420
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Max Rakhlenko maintains a Buy rating on Home Depot (NYSE:HD) but lowers the price target from $440 to $420.

May 15, 2024 | 5:09 pm
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NEUTRAL IMPACT
TD Cowen analyst Max Rakhlenko maintains a Buy rating on Home Depot but lowers the price target from $440 to $420.
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 70
RELEVANCE 100