Loop Capital analyst Laura Champine raised the firm’s price target on Home Depot to $360 from $330 and keeps a Hold rating on the shares. The firm is adjusting its estimates to reflect a “more reasonable view” of the company’s recently-acquired SRS Distribution’s growth potential, the analyst tells investors in a research note. Loop adds that its 2025 SSS estimate goes from down 1% to up 2% as the firm turns “increasingly confident” that the interest rate cycle is likely to improve in time to stimulate growth by the second half of 2025 from the current low demand levels.
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