Home Depot price target raised to $385 from $340 at Wells Fargo

Wells Fargo raised the firm’s price target on Home Depot to $385 from $340 and keeps an Overweight rating on the shares. The firm leans optimistic into 2024. Lower rates justify a risk-on pivot, but it’s a delicate balance with first half of the year Street estimates too high and Hardlines up 17% since November 1.