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Fly News Breaks for February 14, 2017
RH
Feb 14, 2017 | 19:55 EDT
KeyBanc analyst Bradley Thomas upgraded Restoration Hardware to Overweight with a $34 price target. The analyst said valuation is supportive, even with his below consensus estimates, and believes fundamentals are positioned for improvement in 2017 as the company anniversaries numerous investments and disruptions, and improves "blocking and tackling." He remains a long-term believer in the Restoration Hardware story given the transformation of its real estate portfolio and merchandise expansion.
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