Telsey Advisory lowered the firm’s price target on RH to $285 from $325 and keeps a Market Perform rating on the shares. RH’s Q3 results, which missed expectations, did not provide a lot of clarity around the company’s near-term trajectory, the analyst tells investors in a research note. RH is being impacted by the difficult housing market and the lagging effect of not having a lot of new products in recent years nor investing in marketing, the firm says.
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