Arhaus price target lowered to $15 from $17 at Barclays

Barclays analyst Seth Sigman lowered the firm’s price target on Arhaus to $15 from $17 and keeps an Overweight rating on the shares. After a period of significant outperformance, weak demand trends caught up to Arhaus in Q2, extending into July and causing a significant change to the second half of 2024 outlook, the analyst tells investors in a research note. The firm reduced estimates post the Q2 report.