UBS Maintains Neutral Rating for RH: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
UBS has maintained its Neutral rating for RH (NYSE:RH) and increased its price target from $250.00 to $350.00. RH's shares are currently trading up 7.52% over the last 24 hours, at $358.77 per share. A move to $350.00 would account for a 2.44% decline from the current share price.
August 23, 2023 | 5:01 pm
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NEUTRAL IMPACT
UBS has maintained its Neutral rating for RH and raised its price target. This could potentially influence investor sentiment and impact the stock's performance.
The Neutral rating maintained by UBS indicates that they do not see any major changes in the stock's performance in the near future. However, the increase in the price target could potentially influence investor sentiment positively, as it suggests that UBS sees potential for the stock's price to increase. This could lead to increased buying pressure for RH's stock, potentially driving up its price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100