Home improvement retailers
will report first-quarter earnings later this month, and analysts are scrambling to raise their price targets on the stocks ahead of the results.
Wells Fargo’s Zachary Fadem is the latest to get more bullish on the shares. On Tuesday, he reiterated Overweight ratings on both stocks, while raising his price target on Home Depot (ticker: HD) to $360 from $330, and his target on Lowe’s (LOW) to $225 from $210.
Home Depot is up 0.6% to $334.91