Guggenheim Puts Home Depot on Buy List with $425 Price Target

Home Depot's (HD) stock received a positive outlook from analysts at Guggenheim.

In their latest report, Guggenheim reaffirmed its 'buy' rating for Home Depot with a price target of $425.00, representing a potential upside of 22.64% from the current price.

This is not the only optimistic view on the company's stock, as analysts at Mizuho and Gordon Haskett have also set price targets of $390.00 and $330.00 respectively.

However, not all analysts are bullish about Home Depot's prospects. HSBC cut its price objective from $392.00 to $310.00 and assigned a 'hold' rating for the company.