Bernstein raised the firm’s price target on Home Depot to $350 from $328 and keeps a Market Perform rating on the shares. The firm notes Home Depot is currently trading at $355, but thinks the “multiple is going to move the other way” and therefore can’t get to an Outperform rating. At the same time, Bernstein doesn’t see enough downside in Home Depot’s EPS to endorse an Under Perform rating either.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on HD:
- Apple downgraded, Home Depot upgraded: Wall Street’s top analyst calls
- Wedbush upgrades Home Depot to Outperform, raises price target to $380
- Home Depot upgraded to Outperform from Neutral at Wedbush
- The hardlines and grocery retail stocks to own in 2024, according to UBS
- Buy/Sell: Wall Street’s top 10 stock calls this week