Arhaus price target lowered to $10 from $11 at Telsey Advisory

Telsey Advisory analyst Cristina Fernandez lowered the firm’s price target on Arhaus (ARHS) to $10 from $11 and keeps a Market Perform rating on the shares. The firm believes the company has a “differentiated product assortment” and a good balance sheet, but the firm would like to see better profitability and operating/EBITDA margin expansion, the analyst tells investors. Telsey expects incremental cost associated with the tariffs to pressure the company as it moves through 2025.