Stifel analyst W. Andrew Carter lowered the firm’s price target on RH (RH) to $450 from $500 and keeps a Buy rating on the shares. The firm is “modestly” reducing its outlook and estimates to reflect incremental caution given broad market volatility and weakness ahead of RH’s Q4 earnings scheduled for April 2, but believes the recent volatility will “beget disruption versus material deterioration” from the the second half demand inflection with other key premium indicators remaining healthy, the analyst tells investors in a preview.
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