UBS lowered the firm’s price target on Home Depot (HD) to $430 from $445 and keeps a Buy rating on the shares. Home Depot’s updated framework resets 2026 expectations to attainable levels, creating room for meaningful earnings upside as the recovery unfolds and improving the stock’s risk-reward profile, the analyst tells investors in a research note. The Investor and Analyst event highlighted progress in interconnected retail, pro customer growth, and technology, along with new AI-driven initiatives, potential bolt-on M&A, and ecosystem expansion opportunities, UBS says.
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