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Fly News Breaks for February 26, 2016
RH
Feb 26, 2016 | 08:33 EDT
As previously reported, Raymond James upgraded Restoration Hardware to Strong Buy from Outperform and lowered its price target to $65 from $110 on shares. Analyst Budd Bugatch said with shares down approximately 52% year-to-date, it sells at a level that is too cheap to ignore. The analyst continues to view Restoration Hardware as a growth story driven by its ongoing real estate transformation which he expects to drive sales and earnings growth over the several years.
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