Morgan Stanley Maintains Overweight on Home Depot, Raises Price Target to $450
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Simeon Gutman maintains an Overweight rating on Home Depot and raises the price target from $380 to $450.
October 21, 2024 | 5:24 pm
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POSITIVE IMPACT
Morgan Stanley has increased its price target for Home Depot from $380 to $450, maintaining an Overweight rating. This suggests confidence in Home Depot's future performance.
The increase in price target from $380 to $450 by Morgan Stanley indicates a positive outlook on Home Depot's future performance. The Overweight rating suggests that the analyst expects the stock to outperform the average total return of stocks in the analyst's coverage universe. This is likely to have a positive impact on Home Depot's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100