Arhaus price target raised to $9.50 from $8.50 at Craig-Hallum

Craig-Hallum analyst Jeremy Hamblin raised the firm’s price target on Arhaus (ARHS) to $9.50 from $8.50 and keeps a Hold rating on the shares. Arhaus reported a strong Q4 sales update that saw significant upside vs. prior guidance and an acceleration on order trends that implied November and December written orders up about 10%, the analyst tells investors in a research note. However, Arhaus announced the resignation of CFO Dawn Phillipson, which tempers enthusiasm given three key executives have terminated in the past three months, the firm says.