Jefferies raised the firm’s price target on Home Depot (HD) to $454 from $424 and keeps a Buy rating on the shares. Commentary on a lack of dispersion in comp trends across geographies seeing varied trends in home prices reaffirms the firm’s view that “we are still in the first inning of a 9-inning housing recovery,” according to the analyst, who continues to recommend buying Home Depot shares on the prospect of high-single to low-double digit percentage EPS growth for consecutive years beginning in calendar 2027.
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