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Real-time GPS delivery tracker for Pro customers → UBS raises PT to $450

Home Depot launched a real-time delivery tracker with minute-by-minute GPS updates for large/bulky materials tailored to Pro customers, enhancing its omnichannel capabilities for contractors. UBS raised its price target to $450 from $430 and remained constructive on the Pro segment growth story. The company reported $2.72 EPS for the latest quarter, beating the $2.52 consensus by $0.20, with $38.20 billion in revenue slightly ahead of expectations; the stock has a Moderate Buy consensus from 20 analysts with a $416 target.

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