Soho House price target lowered to $10 from $11 at Citi

Citi lowered the firm’s price target on Soho House to $10 from $11 and keeps a Buy rating on the shares. The company’s announcement to refute a short seller report “provided several important points to restore confidence,” the analyst tells investors in a research note. The firm says Soho preannounced Q4 results in-line with prior guidance and cited 2024 guidance provided in March should show continuation of growth, says Citi.