Wells Fargo Maintains Overweight Rating for RH: Here's What You Need To Know

Wells Fargo has decided to maintain its Overweight rating of RH RH and lower its price target from $375.00 to $335.00.

Shares of RH are trading down 0.31% over the last 24 hours, at $268.00 per share.

A move to $335.00 would account for a 25.0% increase from the current share price.

About RH

RH is a luxury retailer operating in the $143 billion domestic furniture and home furnishing industry. The firm offers merchandise across many categories including furniture, lighting, textiles, bath, decor, children, and is growing the presence of its hospitality business (with 15 restaurant locations). RH innovates, curates, and integrates products, categories, services, and businesses across channels and brand extensions (RH Teen, RH Modern, and Waterworks, for example). RH is fully integrated across store, Web, and catalog channels, and is positioned to broaden its total addressable market over the next decade with its World of RH digital platform (highlighting offerings outside of home furnishings), along with future offerings in color, bespoke furniture, architeture, and more.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.