Evercore ISI analyst Greg Melich lowered the firm’s price target on Home Depot to $350 from $365 and keeps an Outperform rating on the shares. Home Depot’s in-line Q3 and narrowing of its guidance range “provided something for the bulls and bears alike,” the analyst tells investors. The firm is “firmly in the middle” and thinks that the company’s investments are helping them outcomp the industry, providing opportunity over time once macro pressures lift.
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