RH price target raised to $335 from $285 at Telsey Advisory

Telsey Advisory raised the firm’s price target on RH to $335 from $285 and keeps a Market Perform rating on the shares. The firm is encouraged by the company’s latest comments, specifically demand turning positive and the return to growth in 2024, the analyst tells investors. The firm, however, remains on the sidelines despite the more encouraging demand outlook because ongoing investments in international will likely take one to two more years to cycle through.