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Wedbush cuts rating on Restoration Hardware to neutral from outperform on market share losses

Wedbush on Friday cut its rating on Restoration Hardware Inc. to neutral from outperform and trimmed its 12-month price target to $270 from $274. “With RH steadfast in protecting its brand without discounting, this has contributed to mounting market share losses,” analyst Seth Basham said in a research note. Basham said a potential course-correction in […] The post Wedbush cuts rating on Restoration Hardware to neutral from outperform on market share losses appeared first on ForexTV... Read More
Posted: Nov 21 2022, 08:01
Author Name: forextv
Views: 111657

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