Home Depot (HD) PT Lowered to $375 at Truist Securities

Truist Securities analyst Scot Ciccarelli lowered the price target on Home Depot (NYSE: HD) to $375.00 (from $379.00) while maintaining a Buy rating.

The analyst comments "Net/net – Post their Analyst Day, our views around Home Depot remain consistent. Currents trends are stable, but not really growing the way we would have expected a year ago. We remain highly confident that home improvement trends will accelerate meaningfully, but calling the timing for the inflection has proven to be very difficult and more recent economic uncertainties have not helped matters (we slightly lowered our CY26 ests to reflect this). However, we suspect that when comps do inflect, we could see a multi-year upcycle and believe there may be more earnings leverage than what the company has outlined. We remain buyers, especially for longer-term investors. PT to $375 from $379."

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