Fly News Breaks for December 11, 2015
RH
Dec 11, 2015 | 07:29 EDT
UBS believes Restoration Hardware remains a compelling growth story that deserves a premium multiple. The firm noted the company beat Q3 earnings estimates despite lower than expected revenues. UBS believes consensus estimates will be unchanged but shares will be range bound with a favorable risk/reward. UBS reiterated its Buy rating on Restoration Hardware shares and lowered its price target to $115 from $125.
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