Jefferies raised the firm’s price target on Home Depot (HD) to $474 from $460 and keeps a Buy rating on the shares. The firm walked away from the company’s quarterly call encouraged with the broadest array of positive-comping categories in years, DIY re-inflecting positive, big ticket comps accelerating to at least 2.5% year-over-year, the strongest e-commerce growth since mid-2022, a reaffirmed commitment to minimal price hikes, momentum into August, and management confidence in hitting a 1% comp for 2025.
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