Arhaus price target raised to $14.50 from $13.50 at BofA

BofA raised the firm’s price target on Arhaus to $14.50 from $13.50 and keeps a Buy rating on the shares. According to BofA card data, online furnishings spending continued to lead the overall furniture category, while Arhaus web traffic continued to outperform other high-end furnishings retailers in January after a November-December dip, says the analyst, who sees Arhaus outperforming peers and remaining in the early stages of its growth story.