BofA raised the firm’s price target on RH (RH) to $200 from $180 and keeps an Underperform rating on the shares. Following a Q1 sales miss, but EBIT margin beat, the firm raise its FY25 sales view by 1.1% to $3.54B on supply coming online in the second half and raised its EPS forecast 25% to $11.12, but adds that with its unchanged revenue guidance, RH now “sets a high bar that shifts the stock to a ‘show me’ story.”
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