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Fly News Breaks for July 14, 2017
RH
Jul 14, 2017 | 12:29 EDT
KeyBanc analyst Bradley Thomas downgraded RH to Sector Weight from Overweight saying the risk/reward is more balanced with the shares up 146% since his February 14 upgrade. He believes, however, that the company remains on track for a strong 2017. Thomas cites valuation and RH's completed share repurchase program for the downgrade. The home furnishings retailer formerly known as Restoration Hardware is down 6% to $65.86 in afternoon trading.
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