Goldman Sachs analyst Kate McShane lowered the firm’s price target on RH (RH) to $276 from $374 and keeps a Neutral rating on the shares. The firm cites the company’s Q4 earnings miss and below-consensus FY25 guidance, which includes a negative 160-200 bps impact from investments and startup costs to support the company’s international expansion, the analyst tells investors in a research note. Goldman adds however that RH does not expect a negative impact to results related to previously announced increased tariffs on products from China, Canada, or Mexico, while for reciprocal and other tariffs, the company plans to work with its manufacturing partners to mitigate the impact to both its margins and costs to its customers.
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