Home Depot price target raised to $417 from $393 at Truist

Truist raised the firm’s price target on Home Depot (HD) to $417 from $393 and keeps a Buy rating on the shares. The company’s Q1 results were “solid” as comps accelerated throughout the quarter following a slow start, the analyst tells investors in a research note. The management also exuded confidence that they can manage today’s tariff environment and hit their full year forecasts without notably raising prices, the firm added.