RH price target raised to $330 from $290 at Telsey Advisory

Telsey Advisory raised the firm’s price target on RH (RH) to $330 from $290 and keeps a Market Perform rating on the shares. The firm expects RH’s demand in Q3 to have shown acceleration from Q2, driven by both an increase in new product and circulation of its Source Books, the analyst tells investors. Overall, the firm is encouraged by the company’s improving demand trend in a tough housing environment.