The Home Depot (HD) Price Target Lowered by $20 at Morgan Stanley The latest move by Morgan Stanley to lower its price target for Home Depot, Inc.
(NYSE:HD) from $420 to $400 reflects growing concerns about the company's ability to maintain sales growth in a slowing economy.
Home Depot operates on a massive scale – over 2,300 stores across the United States, Canada, and Mexico – making it vulnerable to broader economic trends.