RH price target raised to $172 from $144 at BofA

BofA analyst Curtis Nagle raised the firm’s price target on RH (RH) to $172 from $144 and keeps an Underperform rating on the shares. The firm notes it had downgraded RH to Underperform after the company’s Q4 earnings call that also coincided with Liberation Day, primarily on significant margin risk from tariffs and a weaker demand outlook. However, since then, the U.S. has paused its reciprocal tariffs on virtually all nations and lowered the tariff rate on Chinese goods to 30% from 145%, which removes a major overhang to RH sentiment and margins, the analyst noted. However, the demand outlook and the company’s leverage keep the firm cautious, the analyst added.