Home Depot price target lowered to $300 from $310 at Loop Capital

Loop Capital lowered the firm’s price target on Home Depot to $300 from $310 and keeps a Hold rating on the shares. The company’s Q4 results were "challenged", and Loop Capital is also cutting its FY23 EPS view to $15.79 from $17.00 given its more conservative outlook for sales in FY23, the analyst tells investors in a research note. Home Depot’s more cautious FY23 outlook is prudent, but it’s also unlikely to excite investors in the near-term, the firm added.