RH - RH's Long-Term Potential Is 'Most Intriguing' In Retail Says Morgan Stanley | Benzinga
Morgan Stanley analyst Simeon Gutman reiterated an Equal-Weight rating on the shares of RH (NYSE: RH) and raised the price target from $260 to $355.
The analyst said the stock has rallied about 40% since the Q1'23 earnings based on expectations for a top-line beat in Q2'23 and a pickup in share repurchases.
The sheer magnitude of share repurchases in Q2 and the short period in which they occurred is being interpreted by the market as a clear vote of confidence top-line trends are ...