RH price target raised to $325 from $315 at Wells Fargo

Wells Fargo raised the firm’s price target on RH to $325 from $315 and keeps an Overweight rating on the shares. The firm leans optimistic into 2024. Lower rates justify a risk-on pivot, but it’s a delicate balance with first half of the year Street estimates too high and Hardlines up 17% since November 1.