Mizuho raised the firm’s price target on Home Depot (HD) to $450 from $435 and keeps an Outperform rating on the shares. After Q2 earnings, the stock is “trading higher and rightfully so,” says the analyst, who views signals of demand improvement across the core business “far overpowering a very slight OpEx overage.” Early Q3 trends are continuing the same broad-based momentum as in Q2, the analyst added.
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