Wells Fargo Maintains Overweight on RH, Lowers Price Target to $325
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Zachary Fadem maintains an Overweight rating on RH but lowers the price target from $350 to $325.
September 06, 2024 | 12:59 pm
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Wells Fargo analyst Zachary Fadem maintains an Overweight rating on RH but lowers the price target from $350 to $325, indicating a slightly less optimistic outlook.
The Overweight rating suggests continued confidence in RH's performance, but the lowered price target reflects a tempered outlook, likely due to market conditions or company performance. This mixed signal may result in a neutral short-term impact on RH's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100