RBC Capital Cuts Home Depot Price Target Amid Housing Worries

RBC Capital has reduced its price target for Home Depot, citing concerns over the housing market's performance. This adjustment reflects a shift in risk appetite among investors, particularly as rising interest rates continue to dampen housing demand and construction activity. Home improvement retailers like Home Depot and Lowe's are particularly vulnerable to these trends, as their sales are closely tied to housing market dynamics. Traders will be attentive to upcoming housing data releases, including existing home sales figures, which could further influence sentiment in the sector.

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