Credit Suisse analyst Seth Sigman upgraded Home Depot to Outperform from Neutral with a price target of $235, up from $225. In a research note to investors, Sigman says he believes Home Depot offers an attractive risk/reward after its recent pullback and Wednesday's guidance reset, with optionality on improving external and internal drivers in FY20. Beyond that, Sigman says he firmly believes in this team, and the initiatives aimed to expand its reach to new customer segments and categories, while leveraging its stores, building a differentiated omnichannel and digital experience and creating the fastest delivery network that will widen its moat over time.