Home Depot price target raised to $433 from $417 at Truist

Truist raised the firm’s price target on Home Depot (HD) to $433 from $417 and keeps a Buy rating on the shares as part of a broader research note previewing Q2 results in Hardlines/Broadlines Consumer names based on the firm’s Truist Card Data. The quarter should be solid for most companies under coverage, even though comparisons are about to become more difficult for most retailers and tariff risk remains, the analyst tells investors in a research note. The firm continues to favor needs-based retailers and deep value providers, Truist added.