Home Depot Hammers Down Strong Q3 Sales, Builds For Long-Term Success
1
0
Home Depot Inc (NYSE:HD) released its third-quarter earnings report Tuesday, posting revenue and EPS beats, aided by recent bouts of extreme weather. Analysts are still bullish on the Atlanta, Georgia-based company.
Home Depot Analysts: The following analysts published notes on Tuesday:
- Goldman Sachs analyst Kate McShane reiterated a Buy rating for Home Depot, raising its price target from $384 to $410.
- J.P. Morgan analyst Christopher Horvers reiterated an Overweight rating for Home Depot, raising its price target from $395 to $450.
- BofA Securities analyst Robert F. Ohmes reiterated a Buy rating for Home Depot, raising its price target from $425 to $450.
Goldman Sachs Takeaways: McShane noted same-store sales growth implied an increase independent of Hurricanes Milton and Helene, but noted fourth-quarter guidance suggests a deceleration. The analyst remains bullish on the company and sees possible tailwinds from future cyclical trends.
“While housing turnover remains …
Full story available on Benzinga.com
Visited 1 times, 1 visit(s) today