Morgan Stanley Stands by Buy Rating on Home Depot Amid Strong Performance

Morgan Stanley has reaffirmed its positive stance on Home Depot (HD.US) by maintaining a buy rating and a target price of $400. Analyst Simeon Gutman, who has a success rate of 56.2% and an average return of 4.1% over the past year, made this call. According to TipRanks data, which provides analysis on financial analysts' performance, Gutman's ratings have been accurate more than half the time in the past year.

The analyst's success rate is calculated by TipRanks based on the performance of its virtual portfolio, which has earned a positive return from Home Depot stock. This indicates that Gutman's recommendations have been effective in generating returns for investors. His average return of 4.1% over the past year also suggests that his ratings have been consistently profitable.