Home Depot stock rises after analyst says buy, citing strong housing market and aging infrastructure
January 13, 2022 at 08:48 AM EST
Shares of Home Depot Inc. rose Thursday, after the home improvement operator was upgraded at Truist, as analyst Scot Ciccarelli expects supply and demand imbalances in the housing market, pandemic-driven behavioral changes and aging housing infrastructure to drive "significant" growth in the home improvement industry.
