TD Cowen lowered the firm’s price target on Arhaus (ARHS) to $11 from $13 and keeps a Buy rating on the shares. The firm updated its model following results where strong 1Q demand comps are a positive, but April started soft at and look for signs the better exit rate can improve. Sourcing also a strength as U.S. is 36% of mix and China set to decline to low single digits by year-end.
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Read More on ARHS:
- Arhaus Buy Rating Maintained Amid Strong Demand and Strategic Sourcing, Despite Margin Risks
- Arhaus, Inc. Earnings Call: Strategic Growth Amid Challenges
- Arhaus price target lowered to $10 from $11.50 at Stifel
- Arhaus price target lowered to $9 from $10 at Piper Sandler
- Arhaus price target lowered to $8 from $12 at Loop Capital
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