Tuesday, February 27, 2024
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Home Depot Poised For Long-Term Growth But Near-Term Seems Risky: Analyst

RBC Capital Markets analyst Steven Shemesh initiated coverage on The Home Depot Inc (NYSE: HD) with a Sector Perform rating and a price target of $303.

The analyst says that long-term structural tailwinds for the home improvement industry are clear, given the chronic undersupply of homes, the rapidly aging housing stock, and the rising average size of houses.

Amid industry tailwinds, HD's recent supply chain investments ...

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