UBS analyst Michael Lasser lowered the firm’s price target on Home Depot to $355 from $380 and keeps a Buy rating on the shares. Home Depot is poised for strong positioning as demand shifts following the Q3 results, with UBS saying Home Depot’s business performance remained good with its sales productivity still well ahead of pre-COVID levels and its share gains healthy.
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 Earnings Update: Did it Beat Estimate Forecasts?
- Home Depot price target raised to $320 from $315 at Gordon Haskett
- Home Depot Stock (NYSE:HD): Give This Fixer-Upper a Chance
- Home Depot says supply chains ‘operating very well’