These 2 Analysts Slash Price Targets On RH Following Q2 Results

RH RH reported weaker-than-expected earnings for its second quarter, while sales exceeded estimates.

RH shares rose 4.1% to $272.30 on Friday.

These analysts made changes to their price targets on RH following the release of results.

• Jefferies cut price target on RH from $400 to $375. Pipe Jefferies analyst Jonathan Matuszewski maintained the stock with a Buy.
• Morgan Stanley reduced RH price target from $350 to $325. Morgan Stanley analyst Simeon Gutman maintained the stock with an Equal-Weight rating.