TD Cowen Says The Home Depot (HD) Delivered Solid Execution in Challenging Market
Key takeaways
- TD Cowen Says The Home Depot (HD) Delivered Solid Execution in Challenging Market Vardah Gill Tue, May 26, 2026 at 9:04 PM GMT+7 2 min read HD The Home Depot, Inc.
- On May 20, TD Cowen lowered its price recommendation on The Home Depot, Inc.
- On the same day, RBC Capital Markets analyst Steven Shemesh lowered the firm’s price goal on The Home Depot to $340 from $377 and maintained a Sector Perform rating after the company’s Q1 results.
TD Cowen Says The Home Depot (HD) Delivered Solid Execution in Challenging Market Vardah Gill Tue, May 26, 2026 at 9:04 PM GMT+7 2 min read HD The Home Depot, Inc. (NYSE:HD) is included among the Dividend Stock Portfolio For Retirement: Top 12 Stock Picks.
On May 20, TD Cowen lowered its price recommendation on The Home Depot, Inc. (NYSE:HD) to $375 from $450. It reiterated a Buy rating on the shares. The firm said first-quarter results were broadly in line with expectations and highlighted solid execution despite a market environment that appears likely to remain difficult for longer than previously expected. TD Cowen also pointed to M&A integration, cross-selling opportunities, and the scaling of the Flatbed ecosystem as potential future catalysts.
On the same day, RBC Capital Markets analyst Steven Shemesh lowered the firm’s price goal on The Home Depot to $340 from $377 and maintained a Sector Perform rating after the company’s Q1 results. The analyst said Home Depot posted a modest earnings beat during the quarter, though housing turnover continued to remain weak. He also noted that both the demand outlook and cost environment had worsened.RBC added that it still struggled to identify a clear catalyst that could push Home Depot’s financial performance meaningfully higher.