RH price target raised to $365 from $225 at Telsey Advisory

Telsey Advisory raised the firm’s price target on RH to $365 from $225 to reflect share repurchases since the company’s Q1 report on May 25 and keeps a Market Perform rating on the shares. While “not surprised” to see RH repurchase shares, the magnitude was bigger than the firm expected, says the analyst, who adds that aside from the share repurchases, “not much has changed.”