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Home Depot Stock Falls 4.5% on Credit Suisse’s Downgrade

Ralph Nathan
Home Depot Stock Falls 4.5% on Credit Suisse’s Downgrade

Today, CNBC reported that Credit Suisse downgraded Home Depot (HD) stock from “outperform” to “neutral.” Credit Suisse lowered its price target from $222.00 to $204.00. The new price target represents an upside potential of 5.4% from its October 16 closing price of $193.58.