Arhaus price target raised to $17 from $12 at Jefferies

Jefferies raised the firm’s price target on Arhaus to $17 from $12 and keeps a Buy rating on the shares. For 2024, the firm is modeling at the high-end of management’s guidance, adding that the supply chain and operations of Arhaus “should see a meaningful upgrade in efficiency” over the course of 2024 and 2025.