Why These 5 Stocks Are on the Move on Wednesday

Page 5 of 5

1. RH (NYSE:RH) has plummeted 10.9% as of 9:58 AM ET as the company’s CEO Gary Friedman warned about the effects of inflation in a Tuesday earnings call.

The California-based home furniture retailer was, however, upgraded to a Buy rating by Jonathan Matuszewski at Jefferies with a price target of $560. The price target reflects a potential upside of over 45% from the last closing price. The analyst highlighted that RH (NYSE:RH) stock has lost 50% of its value since its peak in August last year and provides a ‘rare entry point’ in a high-quality business. RH (NYSE:RH) was held by 58 hedge funds as of Q4 2021.

You can also take a peek at the 10 Blue Chip Stocks with Dividends and 10 Dividend Stocks Better Than Cryptocurrencies.

Page 5 of 5