HSBC Maintains Reduce on Home Depot, Lowers Price Target to $318
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Daniela Bretthauer has maintained a 'Reduce' rating on Home Depot (NYSE:HD) and lowered the price target from $323 to $318.
May 15, 2024 | 5:26 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
HSBC analyst Daniela Bretthauer has maintained a 'Reduce' rating on Home Depot and lowered the price target from $323 to $318.
The 'Reduce' rating and lowered price target from $323 to $318 by HSBC suggests a bearish outlook on Home Depot's stock. This could lead to a negative short-term impact on the stock price as investors react to the downgrade.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100