The Home Depot, Inc. (NYSE: HD) is considered one of the best slow growth stocks to invest in, despite a price target reduction from $470 to $410 by TD Cowen following disappointing third-quarter results and lowered forecasts.

Home Depot has adjusted its full-year 2025 earnings per share outlook to around $14.50 due to housing market deterioration and consumer uncertainty, leading to a 10% increase in inventory levels and an expected 75 basis point decline in fourth-quarter gross margins.

TD Cowen remains optimistic about Home Depot’s future, citing its competitive advantages in the home improvement retail industry, with over 2,300 stores offering a wide range of products and services for DIY and professional projects.

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Read more at Yahoo Finance: TD Cowen Lowers Home Depot (HD) Price Target Amid Housing Market Concerns