RH price target lowered to $230 from $350 at Loop Capital

Loop Capital analyst Anthony Chukumba lowered the firm’s price target on RH to $230 from $350 and keeps a Hold rating on the shares. The company’s results were worse than expected and while the firm is encouraged by itss recent and upcoming product newness, this may not be enough to overcome the current macroeconomic headwinds, the analyst tells investors in a research note. The firm’s reduced price target rflects a cloudier near-term outlook for RH, Loop added.