Jefferies lowered the firm’s price target on Arhaus (ARHS) to $7.25 from $9.50 and keeps a Hold rating on the shares. With the Iran conflict beginning days after the company’s Q1 report, with which guidance was shared, Jefferies believes it is “prudent to trim estimates,” the analyst tells investors.
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Read More on ARHS:
- Arhaus price target lowered to $9 from $12 at TD Cowen
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- Arhaus price target lowered to $12 from $13 at TD Cowen