RH price target lowered to $190 from $450 at Loop Capital

Loop Capital lowered the firm’s price target on RH (RH) to $190 from $450 and keeps a Hold rating on the shares. The company’s Q4 results were worse than we expected, and while the management’s FY25 guidance was largely in line with consensus forecasts, the significant implied profitability ramp over the final three quarters gives the firm some pause, the analyst tells investors in a research note. The implications of the hefty Trump administration tariffs also not only impact products sourced from China but from Vietnam, Indonesia and India, and the firm is worried about the impact the tariffs will have on affluent consumer confidence, Loop adds.