Havertys price target lowered to $26 from $27 at Telsey Advisory

Telsey Advisory lowered the firm’s price target on Havertys (HVT) to $26 from $27 and keeps a Market Perform rating on the shares. Havertys had a solid Q1 with a 4.1% comp and a 6.4% increase in written orders despite some disruption from unfavorable weather and the onset of the Iran war, the analyst tells investors in a research note. The firm added that it feels good about the company’s ability to manage tariffs and rising fuel costs, but has some concern about the company’s ability to lap difficult comps in 2H26.