RH (RH) Shares Down 5% on Revised 2022 Outlook
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Restoration Hardware (RH) PT Lowered to $300 at Cowen
June 30, 2022 6:17 AM EDTCowen analyst Max Rakhlenko lowered the price target on Restoration Hardware (NYSE: RH) to $300.00 (from $450.00) while maintaining an Outperform rating following its lower guidance.
The analyst commented, "RH's business update signaled likely meaningful intra-quarter demand deterioration, & mgmt. lowered implied 2H EBIT dollar outlook... More
