Home Depot shares are trading higher. UBS raised its price target on the stock from $400 to $425.
Portfolio Pulse from Benzinga Newsdesk
Home Depot shares are trading higher after UBS raised its price target on the stock from $400 to $425.
August 14, 2024 | 4:16 pm
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POSITIVE IMPACT
UBS has raised its price target for Home Depot from $400 to $425, leading to an increase in the stock's trading price.
The increase in the price target by UBS is a positive signal to investors, suggesting confidence in Home Depot's future performance. This has led to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100