Arhaus price target raised to $12 from $10 at Telsey Advisory

Telsey Advisory raised the firm’s price target on Arhaus (ARHS) to $12 from $10 and keeps a Market Perform rating on the shares. Arhaus delivered a “wide beat” in Q2 and reaffirmed its guidance for Fy25, the analyst tells investors. Overall, Telsey believes the company is well-positioned in the long term, but volatility in month-to-month demand in the near term is a cause for concern.