Home Depot price target raised to $377 from $363 at RBC Capital

RBC Capital raised the firm’s price target on Home Depot (HD) to $377 from $363 and keeps a Sector Perform rating on the shares after its Q4 earnings beat. The company is executing well, but the lack of catalysts to drive improved housing turnover is resulting in a muted EPS growth outlook, the analyst tells investors in a research note.

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Home Depot: Strong Q4 Performance and Pro-Customer Momentum Support Buy Rating Despite Near-Term Margin Pressures