Home Depot price target raised to $330 from $310 at Baird

Baird raised the firm’s price target on Home Depot to $330 from $310 and keeps an Outperform rating on the shares. The company’s investor day presentation reflected on its position as a “world-class operator that is well positioned to take share in a highly attractive segment of retail”, the analyst tells investors in a research note. Home Depot’s longer-term “market stability” financial algo seems reasonable and potentially biased higher given its opportunities to capture more Pro share over time, the firm added.