周五盘前，奢侈家具零售商Restoration Hardware Holdings（RH）股价大跌8.30%，引发市场关注。这一跌势主要源于美国银行（Bank of America）对RH的评级从"买入"下调至"表现不佳"。
美国银行此次下调评级的主要原因是关税风险。分析师认为，对RH主要采购国（包括越南、印度尼西亚、印度和欧盟）征收新关税将严重扰乱公司的供应链，威胁其利润率。同时，美国银行将RH的目标价从410美元大幅下调至130美元，较上一交易日收盘价下调13%。
除关税风险外，美国银行还指出，由于需求疲软，预计RH的销售额将比预期低3%。同时，产品成本上升和运营效率降低可能会导致利润率缩水。此外，RH的净债务和杠杆率现在被认为是"更大的风险"。值得注意的是，截至上一交易日收盘，RH股价今年以来已累计下跌约62%，显示出投资者对该公司前景的担忧。
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