Morgan Stanley Maintains Equal-Weight on RH, Lowers Price Target to $340
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Simeon Gutman has maintained an Equal-Weight rating on RH (NYSE:RH) and lowered the price target from $355 to $340.
September 11, 2023 | 2:38 pm
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Morgan Stanley has maintained an Equal-Weight rating on RH and lowered the price target from $355 to $340.
The lowering of the price target by Morgan Stanley could potentially lead to a decrease in the stock price of RH in the short term. Investors may interpret this as a sign of decreased confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100