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Fly News Breaks for July 14, 2017
RH
Jul 14, 2017 | 15:50 EDT
Oppenheimer analyst Brian Nagel noted that RH has spent $1B to repurchase nearly half of the company's outstanding equity in just about six months, which he views as very aggressive as well as "potentially short-sighted and reckless." The analyst, who is increasingly concerned that the share repurchases could "meaningfully crimp" the company's near-term financial flexibility, keeps a Perform rating on the stock.
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