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Home Depot (HD) PT Raised to $430 at Evercore ISI
November 13, 2024 8:16 AM ESTEvercore ISI analyst Greg Melich raised the price target on Home Depot (NYSE: HD) to $430.00 (from $420.00) while maintaining a Outperform rating.
The analyst comments "1Q21. 156m stimulus checks ($400bn) hit households. 30% of the U.S. population had a COVID jab. Opening Day Baseball occurred at 12-40% capacity. And Home Depot printed its last quarter of positive traffic. 14 quarters of negative traffic behind us, at least the duration of the post-COVID is approaching the 16 straight quarters during the Global Financial Crisis. The upshot: 3Qs - 0.6% comp transaction decline was best since the... More
