BofA Lowers Home Depot Price Target to $407

The price target for Home Depot has been lowered to $407 by Bank of America (BofA) analysts.

This reduction is based on backtested results, which are not indicative of future actual results. The performance reflects a strategy that was not historically offered to investors and does not represent returns that any investor actually attained.

Backtested performance has inherent limitations and may have under- or over-compensated for the impact of certain market factors.