RH price target lowered to $277 from $314 at Barclays

Barclays analyst Seth Sigman lowered the firm’s price target on RH to $277 from $314 and keeps an Equal Weight rating on the shares. RH was cautious on the demand backdrop and its margins in 2023 while optimistic about its new product and opportunities to grow the brand, the analyst tells investors in a research note. The firm likes that the company "de-risked" short-term numbers, but says the duration of the slowdown remains its focus.