Home Depot price target lowered to $400 from $411 at UBS

UBS lowered the firm’s price target on Home Depot to $400 from $411 and keeps a Buy rating on the shares. Home Depot’s print was mostly in line with market expectations, but there were some favorable undertones that set the stage for how it will see an eventual recovery, the analyst tells investors in a research note. UBS says Home Depot’s top-line should nicely recover over time, especially as it continues to gain share.