TD Cowen maintained a &#34;Buy&#34; rating on The Home Depot, Inc. (NYSE:HD) but reduced its price target from $470 to $410 following the company's third-quarter results, which missed Street expectations, and a lowered fourth-quarter forecast. The company cited a deteriorating housing market and ongoing consumer uncertainty for the reduced outlook for full-year 2025 earnings per share and concerns about gross margins due to increased inventory levels. Despite these challenges, TD Cowen remains optimistic about Home Depot's ability to outperform competitors in the home improvement retail sector.

家得宝

<p>TD Cowen 维持了对家得宝（NYSE:HD）的 “买入” 评级，但在公司第三季度业绩未能达到市场预期以及下调第四季度预测后，将其目标价从 470 美元下调至 410 美元。公司指出，住房市场恶化和持续的消费者不确定性是导致 2025 年全年每股收益前景下调的原因，同时由于库存水平增加，对毛利率的担忧也在加剧。尽管面临这些挑战，TD Cowen 对家得宝在家居改善零售行业中超越竞争对手的能力仍持乐观态度</p>

TD Cowen 因对住房市场的担忧而下调家得宝（HD）的目标价