Morgan Stanley analyst Simeon Gutman lowered the firm’s price target on Arhaus (ARHS) to $10.50 from $12 and keeps an Equal Weight rating on the shares. Despite a weaker start to Q1, favorable product mix and leverage of delivery and occupancy should offset headwinds to profitability from tech investments and new store openings, the analyst tells investors after having hosted meetings with management.
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Read More on ARHS:
- Arhaus: Positioned for Market Share Gains and Margin Expansion Despite Near‑Term Volatility
- Arhaus price target raised to $13 from $12 at Telsey Advisory
- Arhaus reports Q1 EPS 11c, consensus 9c
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