We recently published Jim Cramer Shared Latest Take On Mega Quantum Computing Investment & Discussed These 13 Stocks.
The Home Depot, Inc. (NYSE:HD) is one of the stocks discussed by Jim Cramer
Home improvement retailer The Home Depot, Inc. (NYSE:HD)’s shares are down by 15% over the past year and by 9.5% year-to-date. TD Cowen discussed the firm on May 20th as it reduced the share price target from $450 to $375 and kept a Buy rating on the stock. The financial firm remarked that The Home Depot, Inc. (NYSE:HD)’s first-quarter earnings results had demonstrated the firm’s ability to execute well despite operating in a tough environment.
RBC Capital also cut the share price target on the same day. It reduced the target to $340 from $377 and kept a Sector Perform rating. As part of its coverage, the bank remarked that The Home Depot, Inc. (NYSE:HD)’s cost and demand environment appeared to be worsening.