RH price target lowered to $500 from $550 at Guggenheim

Guggenheim analyst Steven Forbes lowered the firm’s price target on RH (RH) to $500 from $550 and keeps a Buy rating on the shares. The firm continues to expect broad-based re-scaling across the assortment tiers and continues to see the path to positive free cash flow generation during 2025, the analyst tells investors in an earnings preview, adding that the firm reiterates its “Best Idea” designation on RH shares.