Home Depot's Price Forecasts For 2024 Lowered By Analysts Amid Modest Sales Growth, Cite Weaker Consumer Outlook

Home Depot, Inc. HD shares are trading higher today. Several analysts cut the price target and lowered the estimates after second quarter FY24 earnings results reported yesterday.Yesterday, Home Depot reported second-quarter sales growth of 0.6% year-over-year to $43.175 billion, marginally missing the consensus estimate of$43.376 billion and adjusted EPS of $4.67 (-0.2$4.50.For FY24, Home Depot raised its sales guidance from $154.20 billion to$156.49 billion – $158.01 bil ...