Soho House price target lowered to $6 from $7 at JPMorgan

JPMorgan analyst Joseph Greff lowered the firm’s price target on Soho House to $6 from $7 and keeps a Neutral rating on the shares. The company’s Q4 results came in below Street expectations and the 2024 outlook missed on fewer new Soho House Openings, the analyst tells investors in a research note. The firm reduced estimates and sees a balanced risk/reward with an “undemanding valuation that reflects solid membership growth prospects and mixed geographic Soho House scalability.”