Loop Capital analyst Laura Champine raised the firm’s price target on Home Depot to $360 from $330 and keeps a Hold rating on the shares. The firm is adjusting its estimates to reflect a “more reasonable view” of the company’s recently-acquired SRS Distribution’s growth potential, the analyst tells investors in a research note. Loop adds that its 2025 SSS estimate goes from down 1% to up 2% as the firm turns “increasingly confident” that the interest rate cycle is likely to improve in time to stimulate growth by the second half of 2025 from the current low demand levels.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HD:
- Home Depot management to meet virtually with Telsey Advisory
- DA Davidson technology analyst holds an analyst/industry conference call
- Ford Revises DEI Initiatives, Stock Gains
- Lowe’s removed from ‘Tactical Underperform’ list, target raised at Evercore
- Lowe’s price target lowered to $262 from $264 at Piper Sandler
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue