Barclays lowered the firm’s price target on Arhaus (ARHS) to $13 from $15 and keeps an Overweight rating on the shares. The company’s Q3 headline was weaker, with sales and earnings slightly below estimates, but underlying trends improved through the quarter, and Arhaus seems well positioned for when housing trends improve, the analyst tells investors in a research note.
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Read More on ARHS:
- Arhaus downgraded to Market Perform from Outperform at Telsey Advisory
- Arhaus, Inc. Reports Third Quarter 2024 Earnings Results
- Arhaus price target lowered to $11 from $14 at Baird
- Arhaus downgraded to Neutral at BofA on softer 2024 outlook
- Arhaus downgraded to Neutral from Buy at BofA
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