Home Depot price target raised to $360 from $350 at Loop Capital

Loop Capital raised the firm’s price target on Home Depot to $360 from $350 and keeps a Hold rating on the shares as part of a broader research note that follows the firm’s store checks ahead of the peak selling seasons in home improvement category. The firm is updating its model while modestly raising its sales and expense flow-through estimates, the analyst tells investors in a research note.