Positive market sentiment continues to surround
Home Depot HD with multiple reasons being cited for investing in the company's stock. Argent Capital Management and WT Wealth Management have trimmed their positions, though International Assets Investment Management still retains HD as its third-largest position. Home Depot's Q2 2024 results were announced with an updated fiscal 2024 guidance.
Home Depot HD stock showed resilience despite broader market declines. The company's
valuation emerges as a concern as it appears ahead of earnings, according to analysts. There's concern around weakening sales due to more cautious consumer behavior. Notably, Home Depot has been attracting investor attention, garnering new analyst coverage and receiving a new price target of $450 from Morgan Stanley.
Institutional ownership for Home Depot is high at 72%, indicating trust from major investment entities. However, the company's shares saw intermittent declines. Home Depot lowered its outlook, citing a deferral mindset among consumers. The company also announced the acquisition of SRS Distribution. Mixed pre-Q2 earnings sentiments were noted ahead of its Q2 report. DA Davidson has raised its price target to $466.
Home Depot HD News Analytics from Wed, 24 Apr 2024 07:00:00 GMT to Sat, 26 Oct 2024 19:08:11 GMT -
Rating 5
- Innovation 2
- Information 7
- Rumor -3
