Wells Fargo Maintains Overweight on RH, Raises Price Target to $350
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Zachary Fadem maintains an Overweight rating on RH and raises the price target from $325 to $350.
September 13, 2024 | 2:53 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Wells Fargo has increased its price target for RH from $325 to $350, maintaining an Overweight rating. This suggests confidence in RH's future performance.
The increase in price target from $325 to $350 by Wells Fargo, along with maintaining an Overweight rating, indicates a positive outlook on RH's stock. This is likely to boost investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100