Cowen analyst Max Rakhlenko raised the firm’s price target on Home Depot to $379 from $350 and keeps an Outperform rating on the shares. The analyst said they exemplify best-in-class retail execution with leading Pro share and an accelerating flywheel that should serve the company well into a challenging macro backdrop into 2023.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on HD:
- Lowe’s price target raised to $246 from $241 at Goldman Sachs
- Home Depot initiated with a Market Perform at Bernstein
- Home Depot purchases 100 MW of solar energy from National Grid Renewables
- Waiting for a Breakaway? Oppenheimer Says These 3 Stocks Are Poised to Lead Gains
- The Home Depot Declares Third Quarter Dividend of $1.90
Questions or Comments about the article? Write to editor@tipranks.com