Arhaus price target raised to $17 from $14.50 at BofA

BofA raised the firm’s price target on Arhaus to $17 from $14.50 and keeps a Buy rating on the shares after the company reported Q4 EPS and gross margin ahead of expectations. While the firm remains cautious on near-term demand trends, it expects Arhaus to continue to gain share and believes near-term margin pressure related to strategic investments is more than offset by long-term growth opportunity.