RH price target lowered to $436 from $515 at Barclays

Barclays analyst Seth Sigman lowered the firm’s price target on RH (RH) to $436 from $515 and keeps an Overweight rating on the shares following the earnings report. The firm sees “significantly more uncertainty” with the new round of tariffs. This adds risks to both RH’s sales and margin recovery, the analyst tells investors in a research note. However, Barclays believes the company has “some levers to potentially navigate better than others.”