Home Depot Slips Despite Topping Wall Street Forecasts

Yahoo Finance

Home Depot, Inc. (HD) shares dipped 2.54% Tuesday despite the home improvement retailer posting better-than-expected quarterly earnings amid healthy ongoing stay-at-home spending during the pandemic.

Telsey Advisory analyst Joseph Feldman upgraded the company to ‘Outperform’ from ‘Market Perform’ and bumped his price target to $315 from $300. Feldman sees further upside from strong business trends and the company’s acquisition of HD Supply.

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