RBC Capital raised the firm’s price target on Home Depot (HD) to $413 from $363 and keeps a Sector Perform rating on the shares ahead of its Q3 results. The firm expects a slight comps and earnings beats, which should allow for full-year delivery at the high-end of its previously lowered guidance ranges, though while this would be a net positive, the visibility into category improvement remains low, the analyst tells investors in a research note.
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