Morgan Stanley lowered the firm’s price target on Home Depot to $335 from $350 and keeps an Overweight rating on the shares. For FY23, the firm models a 3.6% decline in comps and a 14.2% EBIT margin, while for FY24 and FY25 it models increases of 0.5% and 3.5%, respectively, in comp sales.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on HD:
- Advance Auto Parts Stock (NYSE:AAP): Take This One to the Scrap Yard
- Home Depot price target lowered to $340 from $341 at Truist
- Home Depot price target lowered to $350 from $365 at Evercore ISI
- Home Depot price target lowered to $365 from $384 at Jefferies
- Home Depot price target lowered to $300 from $315 at Loop Capital