JPMorgan analyst Christopher Horvers lowered the firm’s price target on Home Depot (HD) to $452 from $460 and keeps an Overweight rating on the shares following the Q2 report. The firm believes the company’s commentary noting “underlying business momentum was the strongest in two years” supports the bull thesis on the shares. JPMorgan expects Home Depot’s 1.4% ticket growth from Q2 to increase in the back half of 2025 based on vendor pricing.
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