Stock Market

Jefferies Bullish on The Home Depot (HD) Following Mingledorff Acquisition

By Bullbit Editorial · March 28, 2026

WhatJefferies upgraded The Home Depot (HD) to Buy from Hold, citing the Mingledorff acquisition as a positive catalyst.
WhyThe acquisition expands HD's HVAC business and provides a strategic foothold in the Southeast US.
SignalJefferies sees a potential 5% increase in HD's revenue from the acquisition.
TargetThe analyst set a price target of $**375** for HD, implying a 15% upside from current levels.
RiskThe acquisition's success hinges on HD's ability to integrate Mingledorff's operations and maintain market share.