Guggenheim Maintains Buy on Home Depot, Raises Price Target to $450
Portfolio Pulse from Benzinga Newsdesk
Guggenheim analyst Steven Forbes maintains a Buy rating on Home Depot and raises the price target from $390 to $450.
October 04, 2024 | 5:07 pm
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Guggenheim analyst Steven Forbes has reaffirmed a Buy rating for Home Depot and increased the price target from $390 to $450, indicating confidence in the company's future performance.
The increase in the price target from $390 to $450 by Guggenheim suggests a positive outlook on Home Depot's future performance. This is likely to boost investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100