Restoration Hardware (RH) PT Lowered to $170 at TD Cowen

TD Cowen analyst Max Rakhlenko lowered the price target on Restoration Hardware (NYSE: RH) to $170.00 (from $200.00) while maintaining a Buy rating.

The analyst commented: "A softer 4Q and FY26 guide meaningfully below most bogeys will pressure shares in the N-T. Guide embeds another 2H inflection as revenue initiatives scale (Estates + Europe) while its investment cycle slows. Mgmt provided ambitious L-T targets, but we expect hesitancy until RH starts to string quarters together. While tough to call a bottom, shares could open down (50%) from a recent YTD peak."

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