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.

家得寶

<p>TD Cowen 維持了對家得寶（NYSE:HD）的 “買入” 評級，但在公司第三季度業績未能達到市場預期以及下調第四季度預測後，將其目標價從 470 美元下調至 410 美元。公司指出，住房市場惡化和持續的消費者不確定性是導致 2025 年全年每股收益前景下調的原因，同時由於庫存水平增加，對毛利率的擔憂也在加劇。儘管面臨這些挑戰，TD Cowen 對家得寶在家居改善零售行業中超越競爭對手的能力仍持樂觀態度</p>

TD Cowen 因對住房市場的擔憂而下調家得寶（HD）的目標價