BUZZ-Street View: Home Depot stands ground on prices amid tariff and demand risks

Reuters
21 May
BUZZ-Street View: Home Depot stands ground on prices amid tariff and demand risks

** Home Depot HD.N said on Tuesday it will keep prices unchanged despite U.S. tariffs, but the company might make some products unavailable at the home-improvement chain

** HD also reported first-quarter sales above estimates

** Median PT of 41 brokerages covering the stock is $420 - LSEG data

MARGIN RISKS

** RBC ("sector perform," PT: $399) highlights ongoing weakness in large financed home projects and warns of potential margin pressure in H2 as co avoids broad price hikes despite rising import costs

** Bernstein ("market perform," PT: $398) sees moderate tariff risks for co but expects subdued home improvement demand

** BofA Global Research ("buy," PO: $450) sees co gaining market share growth in professional services and effective tariff management, with interest rate cuts boosting big-ticket home improvement projects

** TD Cowen ("buy," PT: $470) is bullish on co for its Pro strength and SRS gains, but flag softening Pro demand given lower consumer confidence

(Reporting by Rashika Singh in Bengaluru)

((rashika.singh@thomsonreuters.com))

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