Home Depot price target raised to $410 from $380 at Wedbush

Wedbush raised the firm’s price target on Home Depot to $410 from $380 and keeps an Outperform rating on the shares. Building on Home Depot’s focus on driving residential Pro sales growth, the company’s acquisition of SRS provides the company with a well-established set of customer and supplier relationships, knowledgeable associates, an extensive footprint and solid breadth and depth of inventory with a solid acquisition track record to capitalize on the Complex Pro opportunity, the firm says.