Bracing For A Bumpy Ride: Analyst Eyes Weak Q1 Results For RH
Portfolio Pulse from Nabaparna Bhattacharya
Telsey Advisory Group analyst Cristina Fernández reiterated a Market Perform rating on RH (NYSE:RH) with a price target of $225. The analyst expects weak Q1 results due to softened consumer discretionary spending in home furnishings and home improvement categories. RH is set to report 1Q earnings on May 25.
May 23, 2023 | 6:39 pm
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RH is expected to report weak Q1 results due to softened consumer spending in home furnishings and home improvement. Telsey Advisory Group analyst maintains a Market Perform rating with a price target of $225.
The analyst expects weak Q1 results for RH due to softened consumer discretionary spending in home furnishings and home improvement categories. This negative outlook on the company's performance is likely to have a short-term negative impact on the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100