HomeInvestingEarningsCowen Says RH (RH) Embarking On Customer Transformation Journey
Cowen Says RH (RH) Embarking On Customer Transformation Journey

Max Rakhlenko looks at the recent rebound in RH shares, after touching a 52-week low of $236.29. Cowen has an outperform rating on the stock, while the firm also trimmed its price target to $450 from $550. He highlights how the retailer is embarking on a customer transformation journey, and as demand continues to soften, 2Q guidance implies growth slowing sequentially by 21 points. Tom White then looks at a bullish and then neutral to bullish example trade in RH.

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