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Fly News Breaks for June 28, 2016
RH
Jun 28, 2016 | 06:28 EDT
Deutsche Bank analyst Adam Sindler cut his price target for Restoration Hardware to $28 saying the Brexit vote could impact the company's sales. The "psychological impact of the impact on stock prices could cause wealthier consumers to again tighten their wallets," Sindler tells investors in a research note. The analyst lowered his estimates to the low end of company guidance and keeps a Hold rating on Restoration shares.
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