WHY HOME DEPOT STOCK WITHERED ON WEDNESDAY
https://s.yimg.com/ny/api/res/1.2/RilRCUlnI19MbbggOp69Ng--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD04MDE-/https://media.zenfs.com/en/motleyfool.com/c89e02cdeacba9f2ed1a19d06dc78cd8
✍️ Home Depot's stock price fell after its latest earnings release, with analysts revising their price targets downward due to concerns over softened demand and the state of the US economy.
👉 Analysts revised their price targets downward due to concerns over softened demand and the state of the US economy. 👉 Home Depot's sales grew by almost 3% year-over-year, but same-store sales increased only marginally. 👉 Net income decreased 1% to $3.62 per share, missing analysts' expectations. 👉 Several analysts, including RBC Capital's Steven Shemesh, shaved their price targets.
-- #StevenShemesh #EricVolkman #business
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