The Home Depot, Inc. (HD) Remains a Key Pick as TD Cowen Updates Hardlines Outlook

Core Insights - The Home Depot, Inc. (NYSE:HD) is recognized as a top stock in the Dividend Contenders List [1] - TD Cowen has raised its price target for Home Depot from $410 to $450, maintaining a Buy rating, indicating strong confidence in the stock's performance [2] - Home Depot is leveraging AI tools to enhance its appeal to professional contractors, showcasing a commitment to innovation in the home improvement sector [3] AI and Digital Tools - Home Depot has introduced AI-powered BluePrint Takeoffs, which streamlines the process of generating material lists for project quotes, allowing contractors to purchase items directly [4] - The integration of AI tools with the trade credit system from the acquisition of SRS Distribution is expected to provide significant advantages for contractors, improving cash flow and operational scalability [5] Company Overview - Home Depot operates as a home improvement specialty retailer, offering a wide range of products including building materials, home improvement items, and lawn and garden supplies through both physical stores and online platforms [6]