Arhaus price target raised to $14 from $12 at Guggenheim

Guggenheim analyst Steven Forbes raised the firm’s price target on Arhaus (ARHS) to $14 from $12 and keeps a Buy rating, telling investors that Q2 results “broadly exceed our expectations.” Management’s decision to reaffirm full-year guidance on the back of meaningful Q2 upside “appears conservative to us,” adds the analyst, who is raising the firm’s estimates.