B of A Securities Maintains Buy on RH, Lowers Price Target to $309
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Curtis Nagle has maintained a Buy rating on RH (NYSE:RH) but has reduced the price target from $345 to $309.

December 08, 2023 | 5:23 pm
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B of A Securities reaffirmed a Buy rating on RH, although the price target was lowered from $345 to $309, indicating a potential upside but with caution.
The maintenance of a Buy rating suggests that B of A Securities still sees growth potential in RH. However, the reduction in the price target could imply a more cautious outlook on the company's future performance, possibly due to market conditions or company-specific factors not detailed in the article. This news is likely to be taken as a mixed signal by investors, which could result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100