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Jefferies Reiterates Buy on Home Depot (HD) After Mingledorff’s Deal
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The Home Depot, Inc. (NYSE:HD) is one of the 10 Best 52-Week Low NYSE Stocks to Buy Now. On March 24, 2026, Jefferies said The Home Depot, Inc. (NYSE:HD) acquisition of Mingledorff’s expands its and SRS Distribution’s total addressable market by $100B and strengthens its position in HVAC distribution. Jefferies said continued consolidation in building products distribution supports long-term earnings power and reiterated a Buy rating. Earlier that day, The Home Depot, Inc. (NYSE:HD) subsidiary SRS Distribution entered into an agreement to acquire Mingledorff’s, an HVAC distributor operating 42 locations across five southeastern U.S. states. The company said Mingledorff’s leadership will remain in place, with the deal expected to close in Q2, subject to approvals and funded through cash and debt, without impacting its target leverage ratio timeline. Photo by Collov Home Design on Unsplash Earlier in March, The Home Depot, Inc. (NYSE:HD) announced plans to launch a real-time delivery tracker for large materials by the end of Q1, providing minute-by-minute updates through its app and website using GPS-enabled tracking. The Home Depot, Inc. (NYSE:HD) operates a home improvement retail business serving customers globally. While we acknowledge the potential of HD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. Disclosure: None. Follow Insider Monkey on Google News.
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