Stifel Nicolaus Boosts Home Depot Price Target to $340.00

Stifel Nicolaus has increased its price target for Home Depot (NYSE:HD) to $340.00, up from $320.00. This suggests a potential upside of 0.53% from the company's current price. The brokerage currently holds a 'hold' rating on the home improvement retailer's stock.

Other research firms have also issued reports on HD. BNP Paribas Exane lowered their price target from $348.00 to $325.00 and set a 'neutral' rating for the company, while Bank of America started coverage with a 'buy' rating and a price target of $374.00.

Eighteen research analysts have rated HD's stock with a 'buy' rating, thirteen have assigned a 'hold' rating, and one has issued a 'sell' rating. The company has an average rating of 'moderate buy' and a consensus target price of $373.89.