Stifel and RBC raise Home Depot targets to $375 and $377
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Home Depot's price target was raised to $375 from $350 by Stifel and to $377 from $363 by RBC Capital. These revisions reflect analysts' increased confidence in Home Depot's sales momentum and margin expansion.
1. Analyst Price Target Increases
Stifel lifted Home Depot’s price target to $375 from $350, while RBC Capital increased its target to $377 from $363, marking consecutive upward revisions within the same trading day.
2. Analyst Rationale
Both firms cited resilient consumer spending on home improvement and the potential for further margin expansion as key factors supporting higher valuations for Home Depot.
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