BUZZ-Arhaus shares rise; Jefferies upgrades rating to "Buy"

September 21 - ** US home goods retailer Arhaus (ARHS.O) rose 3.5% in pre-market trading, trading at $8.06

** Jefferies upgraded the stock from “Hold” to “Buy”; the target price was raised from $9.5 to $10, representing a 28.4% upside from the previous closing price

** The brokerage said the upgrade is based on “a new round of optimism about the retailer's strategy — plans to boost brand awareness through expanding product catalog offerings and digital marketing, with website traffic up over 100% year-over-year in the past four weeks”

** The company’s (link) second quarter revenue announced in August beat market expectations

** As of the previous trading day’s close, the stock was down 27% year to date

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