Shares of Home Depot Inc (NYSE:HD) were climbing in early trading on Tuesday, after the company reported second-quarter results.
Here are some key analyst takeaways.
- DA Davidson analyst Michael Baker reaffirmed a Buy rating and price target of $450.
- Goldman Sachs analyst Kate McShane maintained a Buy rating and price target of $400.
- Tesley Advisory Group analyst Joseph Feldman reiterated an Outperform rating and price target of $455.
Check out other analyst stock ratings.
DA Davidson: Home Depot’s comps grew by 1.0%, just below consensus of 1.1% but representing a strong acceleration versus the previous quarter’s 0.3% decline, Baker said in a note. Comps were hurt by currency exchange rates, he added.
The comps growth was the first increase since the first quarter of 2023. It’s also the most significant increase since the fourth quarter of …