Home Depot tops estimates as demand remains stable
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Morgan Stanley on Home Depot (HD): 'We continue to view risk/reward favorably and like HD as a high quality discretionary play'
May 19, 2026 7:37 AM EDTMorgan Stanley analyst Simeon Gutman reiterated an Overweight rating and $420.00 price target on Home Depot (NYSE: HD).
The analyst comments "Our initial take on HDs Q1'26 results and unchanged guidance is more of the same. The housing backdrop appears static and HD continues to execute well in a relatively growthless environment. One could pick at the slight deceleration in Q1'26... More
