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.

<p>TD Cowen maintained a "Buy" 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.</p>

TD Cowen Lowers Home Depot (HD) Price Target Amid Housing Market Concerns