The Home Depot (HD) Price Target Lowered by $20 at Morgan Stanley

With an yearly dividend output of 2.97%, The Home Depot, Inc. (NYSE:HD) is included among the 12 Best Dividend Stocks to Invest successful According to Hedge Funds.

The Home Depot, Inc. (NYSE:HD) is the largest location betterment specialty retailer successful the world, engaging successful the merchantability of gathering materials and location betterment products. The institution operates implicit 2,300 retail stores successful each 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, Canada, and Mexico.

On May 20, Morgan Stanley trimmed its terms people connected The Home Depot, Inc. (NYSE:HD) from $420 to $400, portion maintaining an ‘Overweight’ standing connected the shares. The revised target, which inactive indicates an upside imaginable of implicit 27% from the existent levels, comes aft the steadfast “slightly’ reduced its EPS estimates for FY26 and FY27 pursuing the caller Q1 results, successful summation to reiterating its guidance for the ongoing year.

Similarly, connected the aforesaid day, Wells Fargo lowered its terms people connected The Home Depot, Inc. (NYSE:HD) from $375 to $360, but kept its ‘Overweight’ standing connected the shares. According to the analyst, HD’s caller Q1 study was mostly successful line, “albeit April upwind dampened the exit rate.” Wells believes that Home Depot’s absorption offered crushed for optimism by reaffirming the company’s FY 2026 guidance, contempt the existent macroeconomic concerns regarding involvement rates, lipid prices, etc.

The determination comes contempt The Home Depot, Inc. (NYSE:HD) beating estimates successful its Q1 study connected May 19. The institution reaffirmed its guidance of full income maturation of astir 2.5% to 4.5% for FY 2026. Meanwhile, its adjusted EPS maturation is expected to scope from level to up 4% from the $14.69 delivered past year.

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