Analysts Remain Positive on RH Shares Despite Slashed Guidance

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Restoration Hardware (RH) PT Lowered to $375 at Jefferies

September 9, 2022 8:00 AM EDT

Jefferies analyst Jonathan Matuszewski lowered the price target on Restoration Hardware (NYSE: RH) to $375.00 (from $400.00) while maintaining a Buy rating following earnings.

The analyst commented, "We weren't anticipating a third cut to annual guidance, but after-hours trading appears to appropriately recognize postponed... More