Raymond James downgrades Home Depot to market perform

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Raymond James analyst Bobby Griffin on Wednesday cut his rating on Home Depot Inc. undefined to market perform from outperform after the home and...

Raymond James analyst Bobby Griffin on Wednesday cut his rating on Home Depot Inc. to market perform from outperform after the home and construction goods retailer's third-quarter earnings update."Our change in opinion is not a reflection of Home Depot's execution , but more so our view that the risk/reward for HD entering 2023 now appears more balanced, with the ongoing risk/headwinds to the U.S.

... Raymond James analyst Bobby Griffin on Wednesday cut his rating on Home Depot Inc. HD to market perform from outperform after the home and construction goods retailer's third-quarter earnings update."Our change in opinion is not a reflection of Home Depot's execution , but more so our view that the risk/reward for HD entering 2023 now appears more balanced, with the ongoing risk/headwinds to the U.S.

 

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