Wells Fargo raised the firm’s price target on RH (RH) to $295 from $275 and keeps an Overweight rating on the shares. The firm leans positive into Q2. Furniture/big tix checks improved, the higher-income consumer strong and RH has taken share via ample idiosyncratic levers. Amid weak sentiment and fears of a second half of the year cut, Wells sees torque in recovery.
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