Home Depot price target raised to $440 from $435 at Mizuho

Mizuho raised the firm’s price target on Home Depot (HD) to $440 from $435 and keeps an Outperform rating on the shares. The firm came away from the the earnings conference call further convicted in its positive thesis. With or without storm-related activity, Home Depot’s October comps ran positive, likely helped by pro and outdoor categories, which males low-single-digit comps for fiscal 2025 “trending towards more of a floor,” with upside potential materializing through the year, the analyst tells investors in a research note. Mizuho views trade credit “as the next major unlock and an under-appreciated aspect of the story.”