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Fly News Breaks for October 11, 2017
RH
Oct 11, 2017 | 10:28 EDT
Loop Capital analyst Anthony Chukumba said he is encouraged to see that RH has repaid its $100M second lien term loan, noting the "onerous" interest rate it held. He raised his price target on RH shares to $65 from $55 to reflect his "growing optimism" that the company has begun turning a corner, though he keeps a Hold rating on the stock, which he notes has outperformed recently.
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