Will Home Depot Follow Target Downward Post Data Breach?
Don Dion • Yesterday, 5:12 AM
- HD recently announced investigations into data breaches of customer data, possibly going back as far as April; many are concerned HD stock will drop, like TGT, following its 2013 breaches.
- In many cases, investors are not told of the loss of company data, trade secrets and internal emails stolen by hackers that often work out of China or other overseas.
- This may prevent HD from taking full advantage of the reviving economy and the current increase in building activity.
- We suggest investors exercise caution with regards to HD at present.