Home Depot price target raised to $380 from $374 at Stifel

Stifel analyst W. Andrew Carter raised the firm’s price target on Home Depot to $380 from $374 and keeps a Hold rating on the shares after updating estimates for the SRS acquisition, which closed roughly midway through Q2. The firm believes Home Depot will provide more granular details with its Q2 earnings release, with estimates likely to be noisy absent firm company guidance, and it now estimates FY24 and FY25 EPS of $15.04 and $15.75, down from $15.26 and $16.25, respectively, the analyst tells investors in a preview note.