09:53 ET -- RH reducing its full-year outlook was disappointing given previous commentary from the company, but investors are still undervaluing the company's fundamentals, says Stifel analyst W. Andrew Carter, who cuts RH's price target to $320 from $390 but maintains a buy rating. The company is seeing traction internationally and reported a stronger second-quarter free cash flow. But Carter acknowledges uncertainty around tariffs may limit investor interest. Regarding tariffs, "we believe RH would be positioned as a winner long-term, but the headwinds/performance through this first wave has fallen short of the posturing offered on the 4Q24 earnings call," Carter says. (nicholas.miller@wsj.com)
(END) Dow Jones Newswires
September 12, 2025 09:53 ET (13:53 GMT)
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