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Home Depot: Jefferies raises target price

( - A Jefferies analyst on Wednesday said that he is raising his target price for the Home Depot stock, while maintaining a "buy" rating on it.

The broker has therefore increased its target price for the share from 269 dollars to 274 dollars.

"We're positive on LOW into tomorrow given: 1) our foot traffic analysis revealed notable outperformance; 2) DIY outpaced Pro today, 3) the DIY pipeline is mounting into 2Q," the broker says.

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