Home Depot price target raised to $300 from $280 at Wedbush

Wedbush analyst Seth Basham raised the firm’s price target on Home Depot to $300 from $280 and keeps a Neutral rating on the shares. The firm notes Home Depot reported Q4 results that were slightly below consensus on the top line and slightly above consensus on the bottom line. The company also issued 2023 earnings guidance that was in line with expectations on top line but below expectations on the bottom line.