Wells Fargo lowered the firm’s price target on Home Depot (HD) to $395 from $400 and keeps an Overweight rating on the shares following Analyst Day. While the quality of Home Depot’s model was on display, recovery timing is still elusive and 2026 estimates inch lower amid flattish category growth. But initiatives encouraged, share gains persist and near-term risk/reward is favorable into stimulus, Wells adds.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HD:
- Home Depot price target lowered to $441 from $450 at Piper Sandler
- Home Depot’s Strategic Positioning and Growth Potential: A Buy Recommendation by Christopher Horvers
- Home Depot price target raised to $413 from $406 at Goldman Sachs
- Home Depot’s Growth Potential and Market Resilience: A Buy Rating by Robert Ohmes
- Home Depot: Strategic Growth and Resilience Amidst Macroeconomic Challenges