Arhaus price target raised to $15 from $13 at Telsey Advisory

Telsey Advisory analyst Cristina Fernandez raised the firm’s price target on Arhaus to $15 from $13 and keeps an Outperform rating on the shares. Arhaus’ demand trends continue to outpace those of peers, says the analyst, who thinks Arhaus “seems to be baking in some conservatism into its outlook” for the second half and that this “could result in upside to both sales and EBITDA projections.”