RH falls after Wells Fargo cuts PT on category uncertainties

RH

18/03/2025 15:31

** Luxury furniture maker RH's RH.N shares down 2.8% at $218.85

** Brokerage Wells Fargo cuts PT to $375 from $500

** Raises concerns over a debt heavy balance sheet, its business category, macroeconomic conditions and tariffs

** Says near-term concerns for the furniture category include tariff risks from China exposure, big-ticket pressures and elevated promotions

** However, expects Q4 results to be "solid" and believes RH could be off-to-a-good start to the year with new galleries, market share gains and newness in products

** RH stock has fallen about 44% YTD, including session's moves

 (Reporting by Aamir Sohail in Bengaluru)

 ((Aamir.Sohail@thomsonreuters.com;))