Wells Fargo lowered the firm’s price target on Home Depot (HD) to $445 from $450 and keeps an Overweight rating on the shares. While recovery timing is elusive, Home Depot’s Q4 was strong, and considering share gains, recent underperformance and low enough 2025 bar, Tuesday’s relief make sense, the firm says. Headwinds should be well appreciated at this point, and Wells sees upside levers to its model.
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