TD Cowen Lowers Home Depot (HD) Price Target Amid Housing Market Concerns

The Home Depot, Inc. (NYSE:HD) ranks among the best dilatory maturation stocks to put in. On November 19, TD Cowen retained its Buy standing connected The Home Depot, Inc. (NYSE:HD) but lowered its terms people from $470 to $410. The accommodation followed Home Depot’s third-quarter result, which fell abbreviated of Street expectations, alongside a simplification successful the fourth-quarter forecast and a displacement successful the company’s macroeconomic outlook.

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The Home Depot, Inc. (NYSE:HD) reduced its outlook for full-year 2025 net per stock to astir $14.50 from the erstwhile mean anticipation of $15.00. The company’s absorption identified continuous deterioration successful the lodging marketplace and ongoing user uncertainty arsenic the superior variables limiting demand. Inventory levels roseate 10% year-over-year, starring to concerns astir gross margins, which are expected to autumn astir 75 ground points successful the 4th quarter.

However, TD Cowen remains optimistic astir Home Depot’s prospects, claiming that the store has “more ways to triumph versus peers” successful the location betterment retail industry.

The Home Depot, Inc. (NYSE:HD) is the world’s largest location betterment retailer, operating implicit 2,300 stores that connection a wide enactment of tools, gathering materials, appliances, and services for some DIY and nonrecreational projects.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.