Truist raised the firm’s price target on Home Depot (HD) to $393 from $391 and keeps a Buy rating on the shares as part of a broader research note on select Consumer names citing the latest Truist Card Data. April trends improved for most companies monitored due to the late Easter, pull forward demand, and better weather, but while the current trends seem positive, sales and gross margin risks remain for many as the impact of tariffs starts to flow through P&Ls, the analyst tells investors in a research note.
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