Wells Fargo Reiterates Rating on RH $RH
Key Points
- Wells Fargo now rates RH ($RH) "buy" with a $175.00 target.
- The Street's average $RH price target is $165.12 (Hold).
- $RH last traded around $152.19.
Wells Fargo reiterated its rating on RH ($RH) to a "buy" rating, with a price target of $175.00 in a recent research note.
RH ($RH) Stock
RH Earnings
Analysts Set New Price Targets
About RH
RH, together with its subsidiaries, operates as a retailer and lifestyle brand in the home furnishings market in the United States, Canada, the United Kingdom, Germany, Belgium, and Spain. The company operates in three segments: RH Segment, Waterworks, and Real Estate. It offers merchandise in various categories, including furniture, lighting, textiles, bath ware, décor, and outdoor and garden furnishings, as well as baby, child, and teen furnishings. The company also operates galleries, interior design studios, outlets, guesthouses, and showrooms. It sells its products through hospitality, websites, sourcebooks, and trade and contract channels, as well as retail locations and outlets. The company was formerly known as Restoration Hardware Holdings, Inc. and changed its name to RH in January 2017. RH was founded in 1980 and is headquartered in Corte Madera, California.
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