RH price target lowered to $255 from $280 at Telsey Advisory

Telsey Advisory analyst Cristina Fernandez lowered the firm’s price target on RH (RH) to $255 from $280 and keeps an Outperform rating on the shares. There is a level of uncertainty heading into the company’s Q1 earnings release given the volatile stock market and the impact of the tariffs, the analyst tells investors. The firm, however, continues to see several reasons to remain positive on the story, including the company’s demand growth, its potential to weather tariffs costs, and its balance sheet should improve as it works down its inventory levels.