Benedict believes that the management's unchanged outlook for the second half of this year reflects the possibility that the company expects some protection from any significant change in price-related demands through the rest of this year. .
The analyst is also confident that the company's strategic investments will bear fruit."While HD has been realizing benefits from several of its strategic investments , momentum should continue to build asReiterating a buy rating on and raising the price target to $360 from $335, Benedict anticipates that the strategic investments made by the company last year will bolster its leadership position in the market and lead to share gains.
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