Analysts Are Downgrading These 5 Stocks

02. RH (NYSE:RH)

Number of Hedge Fund Holders: 59

On June 29, Loop Capital analyst Anthony Chukumba made a notable adjustment concerning RH (NYSE:RH). Chukumba downgraded the stock from Buy to Hold and established a revised price target of $300. This change deviates from his prior rating of Buy and a price target of $370. Telsey Advisory Group had also downgraded RH (NYSE:RH) from Outperform to Market Perform but simultaneously raised the price target from $310 to $330. These recent actions by analysts indicate a shift in their assessments of RH (NYSE:RH) investment prospects. The downgrades reflect a more cautious stance on the stock, with differing views on the revised price targets as analysts reassess the company’s future performance.