Wedbush upgrades Arhaus (NASDAQ: ARHS) to "hold" rating, despite revenue missing expectations.
Wedbush has upgraded Arhaus (NASDAQ:ARHS) to a "hold" rating, joining other firms like Barclays and Bank of America, which have rated it "overweight" and "buy." Arhaus reported an EPS of $0.16, exceeding estimates, but its revenue of $309.8 million fell short of expectations. The average price target is set at $14.09. Institutional investors have increased their stakes, reflecting confidence in Arhaus, a premium home furnishings retailer in the U.S.
October 12, 2024
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