New Class-Action Suit Over License Plate Readers Hits Home Depot Stock (NYSE:HD)
Markets Insider
A class-action lawsuit over Home Depot's license plate readers has caused the stock to drop over 2%.Summary
Home Depot (HD) is facing a class-action lawsuit over its use of license plate readers in parking lots, which the plaintiffs claim tracks individuals without consent and shares data with law enforcement. The legal trouble has already impacted the company's stock, causing it to slide over 2% in trading. Despite the controversy, Home Depot is preparing for Memorial Day sales, offering significant discounts on appliances and patio furniture. Meanwhile, analysts maintain a Strong Buy rating on HD stock, projecting a 37.66% upside potential based on a price target of $412.26.
(Source：Markets Insider)