August 17, 2026 02:30 PM GMT Retail Credit Research | North America M Foundation The Home Depot, Inc. (HD): Built to Last We initiate coverage on Home Depot with a constructive fundamental view, supported by scale, Pro exposure, and FCF. Valuation screens mostly rich, but we see value in the longer bonds vs. high-quality peers and given the long-term durability of the business. Key Takeaways Morgan Stanley & Co. LLC Foundation M The Home Depot, Inc. (HD): Recommendation and Relative Value | Jenna L Giannell ...