RBC Capital lowered the firm’s price target on Home Depot to $299 from $303 and keeps a Sector Perform rating on the shares. The company’s Q3 results were “slightly better than feared” with comp sales down 3.1% against consensus of down 3.6%, though comps slowed throughout the quarter and will likely results in 2024 estimates inching downward, the analyst tells investors in a research note.
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