Home Depot and Lowe's gearing up for home improvement spending in 2024 - analyst

Jan. 16, 2024 8:52 AM ETThe Home Depot, Inc. (HD) Stock, LOW Stock, FND StockBy: Amy Thielen, SA News Editor5 Comments
Home Depot Partners With Hispanic Groups

Tim Boyle/Getty Images News

In respect of a more bullish outlook towards home improvement and better positioned to outperform its competitors, Piper Sandler upgraded Home Depot (NYSE:HD) to Overweight and lifted their price target to $400, a 12% premium over Friday's closing price.

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