Home Depot price target raised to $455 from $395 at Truist

Truist analyst Scot Ciccarelli raised the firm’s price target on Home Depot to $455 from $395 and keeps a Buy rating on the shares as part of a broader research note previewing Q3 results among Hardlines/Broadlines Consumer names. According to Truist Card Data, Q3 is shaping up better than Q2, and the firm is also adjusting its estimates to reflect broader market multiple expansion and the start of a rate cut cycle, the analyst tells investors in a research note.