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Jeffries raises price target on Home Depot as it sees long-term demand in the sector

Tue 11 Jul 23, 07:00 AM | Akanksha Vashisht

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Home Depot is a leader in the home improvement retailing segment, with over 1 million products available online and 30,000 products available in stores across the US. The company also started maintenance, repair, and operations businesses after acquiring distributor Interline Brands in 2015.

Equity analyst Jeffries raised its price target on Home Depot as per a Refinitiv report dated July 10, 2023. The broker raised its price target on Home Depot from US$349 to US$370 as it sees long-term demand in the segment.

As per Refinitiv data, Home Depot has a consensus mean price target of US$ 315.05 as on July 10, 2023. This is 1.54% higher than its closing price on that day.

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