Jim Cramer believes The Home Depot, Inc. (NYSE:HD) stock is making a comeback, despite recent struggles in the homebuilding sector due to high interest rates. UBS also reiterated a Buy rating and a $430 share price target for HD, expecting performance to improve with market conditions. Cramer attributes the potential rebound to speculation that President Trump’s Fed Chair pick, Kevin Warsh, could positively impact the industry.
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Home Depot (HD) Stock Is Coming Back, Says Jim Cramer
Jim Cramer believes The Home Depot, Inc. (NYSE:HD) stock is making a comeback, despite recent struggles in the homebuilding sector due to high interest rates. UBS also reiterated a Buy rating and a $430 share price target for HD, expecting performance to improve with market conditions. Cramer attributes the potential rebound to speculation that President Trump’s Fed Chair pick, Kevin Warsh, could positively impact the industry.