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Fly News Breaks for April 13, 2016
RH
Apr 13, 2016 | 09:24 EDT
Baird analyst Peter Benedict believes the acquisition of Waterworks by Restoration Hardware makes strategic sense, as the addition of this "prestigious" brand should elevate Restoration's product authority in the bath and the kitchen, "two of the most important rooms of the home." Benedict keeps a Neutral rating on Restoration shares, citing low visibility to its core fundamentals.
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