Jefferies maintains its Buy rating on Home Depot shares, with a price target raised from $365 to $412.

The analyst is nearly 100 basis points above management forecasts. Jefferies believes that the housing sector will be positive, rather than neutral.

The broker estimates that by the end of 2024, Home Depot will benefit from trade credits, new fulfillment capabilities, a more localized product range, an expanded sales force and an enhanced digital experience in 17 of the top professional markets.

Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.