Morgan Stanley raised the firm’s price target on RH (RH) to $435 from $310 and keeps an Equal Weight rating on the shares. Accelerating demand and revenue growth in “a tepid industry backdrop indicate momentum is strong and can be sustained,” but a full valuation and tail risks “balance out” the risk/reward, the analyst contends in a post-earnings note.
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Read More on RH:
- RH price target raised to $550 from $425 at Guggenheim
- Morning Movers: Penn Entertainment rises following upgrade
- RH price target raised to $500 from $425 at Wells Fargo
- RH price target raised to $500 from $380 at TD Cowen
- RH price target raised to $400 from $300 at Baird
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
