JPMorgan added Home Depot (HD) to the firm’s Analyst Focus List as a growth idea. The firm sees positive estimate revisions driving further multiple expansion of the shares. Home Depot remains one of the best long-term stories in retail, the analyst tells investors in a research note. JPMorgan keeps an Overweight rating on the shares with a $452 price target
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HD:
- Trump plans to impose 50% tariff on kitchen cabinets, bathroom vanities
- “The Political Allegiance Era”: Home Depot Stock (NYSE:HD) Slips as Some Question Connection of Politics and Business
- Why the U.S. Stock Market Tastes Bittersweet in Donald Trump’s America
- “No One Expected it Until it Was Too Late”: Home Depot Stock (NYSE:HD) Slips With Look Back at a Year Post-Helene
- Morning News Wrap-Up: Tuesday’s Biggest Stock Market Stories!