RH price target lowered to $300 from $325 at Morgan Stanley

Morgan Stanley analyst Simeon Gutman lowered the firm’s price target on RH to $300 from $325 and keeps an Equal Weight rating on the shares. While he calls RH "among the most intriguing stories in all of retail," with the greatest tail upside in his coverage, Gutman has "been patiently waiting for an entry point," but contends that "it still feels early to step in" given earnings risk that he views as elevated.