Truist analyst Scot Ciccarelli raised the firm’s price target on Home Depot (HD) to $454 from $433 and keeps a Buy rating on the shares. The company experienced its broadest sales growth in over two years and posted its third straight quarter of positive comps in the U.S., with accelerating trends as weather normalized, the analyst tells investors in a research note. While large financed “project” spend remains soft, the firm projects demand continues to increase.
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