Home Depot's contractor bet pays off in soft US housing market

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Home Depot (HD) PT Raised to $424 at Truist Securities

February 24, 2026 2:26 PM EST

Truist Securities analyst Scot Ciccarelli raised the price target on Home Depot (NYSE: HD) to $424.00 (from $405.00) while maintaining a Buy rating.

The analyst comments "Net/net HDs solid 4Q, helped by a modest bump in Jan sales, enabled the company to post + US... More