JPMorgan raised the firm’s price target on Home Depot (HD) to $418 from $410 and keeps an Overweight rating on the shares following the Q1 earnings report. The firm says Home Depot’s “bull case” is “rising again.” The company is positioned to start to show modest upside to sales and margins as we proceed through 2025, the analyst tells investors in a research note. JPMorgan believes that at today’s share price, this is more than enough to drive the stock, despite limited visibility to a return to mid-cycle comps.
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