Barclays Maintains Equal-Weight on RH, Raises Price Target to $293
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Seth Sigman has maintained an Equal-Weight rating on RH (NYSE:RH) and increased the price target from $256 to $293. This adjustment reflects a more positive outlook on the company's stock value.
December 08, 2023 | 11:22 am
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Barclays analyst Seth Sigman has reaffirmed RH's Equal-Weight rating but raised the price target from $256 to $293, indicating a potential upside for the stock.
The increase in price target by Barclays reflects a positive sentiment towards RH's stock, which could lead to increased investor interest and a potential short-term rise in the stock price. The Equal-Weight rating suggests that the stock is adequately valued at present, but the raised target indicates an expectation of growth.
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