$DH Home Depot Remains in Bullish Channel

Home Depot looks set to continue from the strong consumer spending environment and the thriving property market. Although the stock is trading at a relatively high 23 P/E ratio, further interest rate cuts could add extra stimulus to the stock.
Average analysts price target $233 | Overweight = expect repricing.
Company profile
Home Depot, Inc. is a home improvement retailer, which engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products, and decor products. It offers home improvement installation services and tool and equipment rental. The company was founded by Bernard Marcus, Arthur M. Blank, Kenneth Gerald Langone and Pat Farrah on June 29, 1978 and is headquartered at Atlanta, GA.