“False Discounts on Window Coverings”: Home Depot Stock (NYSE:HD) Gains Despite New Class Action Lawsuit
Despite a class action lawsuit against its subsidiary Blinds.com, Home Depot (NYSE:HD) stock rose nearly 1.5% in Friday trading.Summary
Home Depot (HD) stock experienced a gain of nearly 1.5% in Friday morning trading despite news of a class action lawsuit filed against its subsidiary, Blinds.com. The lawsuit, led by Sarah Perkins, alleges that Blinds.com sent emails advertising “false discounts” on window coverings, creating a “false sense of urgency” to encourage purchases. The suit claims this practice violates the Commercial Electronic Mail Act and the Consumer Protection Act in Washington state.
Separately, an incident involving Ontario Premier Doug Ford confronting a suspected shoplifter at a Toronto Home Depot highlighted the risks of intervening in potential crimes, with experts recommending reporting incidents to the police instead.
Despite these issues, Wall Street analysts maintain a “Strong Buy” consensus rating on HD stock, with an average price target suggesting a 13.8% upside potential after a 6.65% loss in share price over the past year.
(Source：TipRanks)