Arhaus price target raised to $21 from $14 at Craig-Hallum

Craig-Hallum analyst Jeremy Hamblin raised the firm’s price target on Arhaus to $21 from $14 and keeps a Buy rating on the shares. Arhaus reported an “impressive” Q4, and while near-term impacts from a systems upgrade and severe weather in January will hamper Q1, the firm views FY24 guidance as conservative, the analyst tells investors in a research note.