TD Cowen analyst Max Rakhlenko raised the firm’s price target on Home Depot to $440 from $415 and keeps an Outperform rating on the shares. The firm met with management and came away came way constructive on strategies to play offense following the buildout completion of foundational complex Pro assets over the next year, and removing friction points in DIY big ticket delivery. The company is poised to take market share and it remains Baird’s number two idea and expect shares to continue to work as investors see upside to FY25 comps and EPS on an eventual housing recovery.
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