Barclays Maintains Equal-Weight on RH, Lowers Price Target to $320
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Seth Sigman maintains an Equal-Weight rating on RH but lowers the price target from $340 to $320.
September 16, 2024 | 1:55 pm
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Barclays analyst Seth Sigman maintains an Equal-Weight rating on RH and lowers the price target from $340 to $320, indicating a cautious outlook.
The lowering of the price target from $340 to $320 by Barclays suggests a less optimistic view on RH's future performance, which could lead to a negative short-term impact on the stock price. The Equal-Weight rating indicates a neutral stance, but the reduced price target reflects potential concerns.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100