- The shares of Home Depot Inc (NYSE: HD) have received a $448 price target from Truist. These are the details.
The shares of Home Depot Inc (NYSE: HD) have received a $448 price target from Truist. And Truist analyst Scot Ciccarelli upgraded Home Depot to a “Buy” rating from a “Hold” rating while increasing the price target from $420.
Ciccarelli is positive on the key industry drivers such as supply/demand imbalances in the housing market, pandemic-driven behavioral changes, and aging housing infrastructure driving significant incremental home improvement growth.
Plus Ciccarelli pointed out that Home Depot will continue to gain share from its size/scale benefits and enhanced supply chain capabilities.
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