Deutsche Bank analyst Adam Sindler downgraded Restoration Hardware to Hold saying "there are too many moving parts in the near-term that will apply pressure over the next several quarters." The company's updated guidance calls for a much lower revenue growth rate for the year and much lower earnings, the analyst tells investors after Restoration reported Q1 results. At best, Sindler expects the stock to be range-bound over the next several months. He cut his price target for the shares to $35 from $50. The analyst points out that he defended Restoration shares "on several occasions over the last several months." Restoration traded down 22% to $28.25 last night after reporting earnings. Raymond James and Longbow also downgraded the retailer this morning.