Piper Sandler raised the firm’s price target on Arhaus (ARHS) to $11 from $9 and keeps a Neutral rating on the shares following a solid Q2 that saw meaningful upside from bringing operations for the Dallas DC in-house – which allowed for faster delivery on backlog orders. Demand trends remain quite volatile, but running up positive mid-teens in July against easy compares from last year, the firm adds.
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Read More on ARHS:
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