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Arhaus price target lowered to $10 from $11.50 at Stifel

Stifel lowered the firm’s price target on Arhaus (ARHS) to $10 from $11.50 and keeps a Buy rating on the shares. While the firm has a negative view of fiscal Q1, citing the miss, FY25 guidance reduction, product margin compression, April demand comparable sales and Q1 comparable sales, it does not view the results and commentary as “thesis-changing,” the analyst tells investors in a post-earnings note.

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