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Fly News Breaks for May 5, 2017
RH
May 5, 2017 | 07:28 EDT
Loop Capital analyst Anthony Chukumba said it was "surprising" how aggressive RH has been with its share buybacks after the parent of Restoration Hardware announced it completed its prior $300M repurchase program and a new $700M one. The analyst, who notes RH is currently generating "negligible" free cash flow and has significant debt maturities upcoming, keeps a Hold rating on the stock but raised his price target to $45 from $31.
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