UBS Reiterates Buy Rating on Home Depot (HD)

UBS analyst Michael Lasser reiterated a Buy rating and $475.00 price target on Home Depot (NYSE: HD).

The analyst commented, "We recently hosted a field trip with Home Depot's President & CEO, Ted Decker; CFO & Executive Vice President, Richard McPhail; Senior Executive Vice President, Ann Marie Campbell; Vice President of Field Merchandising, Jason Arigoni; and SRS Distribution's President & CEO, Dan Tinker…Overall, HD highlighted both near-term uncertainties and long-term opportunities. It’s executing its strategy and controlling what it can control, amid a volatile tariff environment and challenging macro / housing backdrop. Yet, HD believes it is setting itself up to outperform as it paves the return to MSD-HSD % EPS growth. Though, the team didn’t really speak to recent trends, only to say that it is seeing good engagement, especially when the weather is cooperative."

For an analyst ratings summary and ratings history on Home Depot click here. For more ratings news on Home Depot click here.

Shares of Home Depot closed at $355.39 yesterday.

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