Morgan Stanley Maintains Equal-Weight on Arhaus, Raises Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Simeon Gutman has maintained an Equal-Weight rating on Arhaus (NASDAQ:ARHS) and raised the price target from $9 to $12.
August 22, 2023 | 11:54 am
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Morgan Stanley has maintained an Equal-Weight rating on Arhaus and raised the price target from $9 to $12, which could potentially lead to an increase in the stock's price.
The increase in price target by Morgan Stanley indicates a positive outlook for Arhaus. This could potentially lead to an increase in the stock's price as it suggests that the analyst believes the stock is undervalued at its current price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100