Telsey Advisory Group Maintains Market Perform on RH, Lowers Price Target to $325
Portfolio Pulse from Benzinga Newsdesk
Telsey Advisory Group analyst Joseph Feldman has maintained a 'Market Perform' rating on RH (NYSE:RH), but has reduced the price target from $365 to $325.
December 05, 2023 | 10:31 am
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Telsey Advisory Group has maintained its 'Market Perform' rating on RH, but lowered the price target from $365 to $325, indicating a potential downside compared to the previous target.
The reduction in price target by Telsey Advisory Group suggests that the analyst sees less upside potential for RH's stock price in the short term. This could lead to negative investor sentiment and a potential decrease in the stock price as the market adjusts to the new target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100