Home Depot (HD) drops on mixed results, guidance seen as 'light' and 'underwhelming'
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Home Depot (HD) PT Lowered to $340 at Evercore ISI, Removes from Tactical Underperform List
February 22, 2023 5:00 AM ESTEvercore ISI analyst Greg Melich lowered the price target on Home Depot (NYSE: HD) to $340.00 (from $370.00) while maintaining a Outperform rating.
Removes from Tactical Underperform List.... MoreHome Depot flags profit hit from slowing demand, rising wages in 2023
February 21, 2023 6:13 AM ESTBy Deborah Mary Sophia
(Reuters) -Home Depot Inc warned of slowing demand for home improvement goods this year as inflation dents the ability of customers to spend on remodeling projects, sending its shares down as much as 6% in morning trading on Tuesday.
The No. 1 U.S. home improvement chain forecast annual profit below Street expectations as it increases spending on wages by $1 billion to tackle labor shortages while struggling with higher costs.
Demand for home improvement tools is... More
