The Reasons Our View On Home Depot Remains Neutral

Joe Raedle The Home Depot, Inc. (NYSE:HD) is an Atlanta based home improvement retailer, selling various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. We initiated coverage on Home Depot back in August 2022 with an initial neutral rating, which we later in 2022 downgraded to a “sell”, due to the strong macroeconomic headwinds, created by the poor consumer confidence, elevated inflation leve ...