Raymond James analyst Matthew McClintock raised his price target for Home Depot to $270 from $250 following the company's Q4 results, saying he continues to see Home Depot as a best-in-class operator in the home improvement space and believes that the stock sets up well, as the company has set FY20 guidance fairly conservatively. Investors can look forward to an operating margin inflection in FY21 after a peak investment year in FY20, McClintock tells investors in a research note, adding that he believes Home Depot is making the right investments for the long-term and sees share gains in key categories as evidence that these investments are yielding material returns.