Truist raised the firm’s price target on Home Depot (HD) to $417 from $393 and keeps a Buy rating on the shares. The company’s Q1 results were “solid” as comps accelerated throughout the quarter following a slow start, the analyst tells investors in a research note. The management also exuded confidence that they can manage today’s tariff environment and hit their full year forecasts without notably raising prices, the firm added.
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Read More on HD:
- Home Depot price target lowered to $425 from $430 at Baird
- Home Depot price target raised to $418 from $410 at JPMorgan
- Home Depot price target raised to $398 from $380 at Bernstein
- Home Depot’s Strong Market Position and Growth Potential: A Buy Recommendation by Zachary Fadem
- Home Depot’s Strategic Resilience and Pro Engagement Justify Buy Rating with $450 Price Objective
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