RH price target lowered to $274 from $315 at Wedbush 07:46 RH Wedbush analyst Seth Basham lowered the firm's price target on RH to $274 from $315 and keeps an Outperform rating on the shares. The analyst notes RH revised its outlook for full year 2022, now expecting a 2%-5% sales decline versus the prior guidance calling for sales flat to up 2% year-over-year, based on lower-than-expected demand almost 2/3 of the way through Q2 and less than one month since last guiding the year lower. Further, the softening trends RH is currently seeing in the business and the "deteriorating macro-economic environment" lead the company to now expect weakening demand throughout the rest of the year, Basham adds.