- Home Depot stock gained 1.6% on Wednesday after analysts were positive on Q3 results.
- HD stock slid more than 1% lower on Tuesday as CEO blamed high interest rates for poor comparable sales.
- Comparable sales fell 1.3% YoY in the third quarter.
- Most analysts raised their price targets on Wednesday for HD.
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Aided by analyst loyalty, The Home Depot (HD) is gaining ground one day after the remodeling retailer sold off following third-quarter results showing dwindling comparable sales. HD stock has risen 1.6% on Wednesday to trade north of $409.
The Dow Jones Industrial Average (DJIA), of which Home Depot is a member, has gained 0.4% near lunchtime, while the growth-conscious NASDAQ decreases slightly.
