RBC Capital lowered the firm’s price target on Home Depot (HD) to $424 from $431 and keeps a Sector Perform rating on the shares after its Q4 results and outlook. The company’s initial 2025 guidance calling for EPS to fall 2% y/y is probably conservative, but solidifies the firm’s view that with housing trends stable, its earnings are now somewhat de-risked, the analyst tells investors in a research note.
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