UPDATE: Truist Securities Starts Home Depot (HD) at Buy

January 12, 2022 4:08 PM EST
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Price: $302.81 +3.15%

Rating Summary:
    28 Buy, 15 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 14 | Down: 24 | New: 13
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(Updated - January 13, 2022 4:07 AM EST)

Truist Securities analyst Scot Ciccarelli initiates coverage on Home Depot (NYSE: HD) with a Buy rating and a price target of $448.00.

The analyst comments "We expect key industry drivers including supply/demand imbalances in the housing market, pandemic-driven behavioral changes and aging housing infrastructure to drive significant incremental home improvement growth. Further, we believe that Home Depot will continue to gain share from its size/scale benefits and enhanced supply chain capabilities. We are buyers of HD shares."

For an analyst ratings summary and ratings history on Home Depot click here. For more ratings news on Home Depot click here.

Shares of Home Depot closed at $386.67 yesterday.


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