raymond james analyst bobby griffin on wednesday cut his rating on home depot inc hd to market perform from outperform after the home and construction goods retailers thirdquarter earnings update our change in opinion is not a reflection of home depots execution has been solid but more so our view that the riskreward for hd entering 2023 now appears more balanced with the ongoing riskheadwinds to the us housing industry and the stock recovering nicely off its 2022 lows griffin said shares of home depot are down 1 in premarket trades