HD - Home Depot To See Sales Stabilization And EPS Growth In 2024 Analyst Builds Bull Case | Benzinga
Barclays analyst Seth Sigman upgraded The Home Depot Inc (NYSE: HD) to Overweight from Equal-Weight at an increased price target of $372 from $325.
The analyst is bullish on increased exposure to housing and potentially strengthening home prices as rates reverse.
Sigman notes stabilizing sales and a return to normal algorithmic-like growth in 2025 would support the stock.
The analyst expects comps to remain weak in low-single-digits in the near term but stabilize through 2024.
The analyst expects ...