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Morgan Stanley analyst Simeon Gutman maintains RH (NYSE:RH) with a Overweight and lowers the price target from $240 to $210.
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As concerns about AI spending returns mount and treasury yields decline, investors are rotating out of tech stocks into alternative sectors. Housing stocks surged 3.8% as lower interest rates make them attractive, signaling a potential shift in market leadership away from AI-focused companies.
U.S. stocks mixed; Dow rose 400 points. Hasbro surged on strong earnings and outlook, while Braze, Myriad Genetics and others gained.
Analysts cut targets for WING, ELAN, SBAC and RH; raised targets for TRV, OXY and GILD, with ELAN downgraded to Hold.
Goldman Sachs analyst Kate McShane maintains RH (NYSE:RH) with a Neutral and lowers the price target from $164 to $140.