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Fly News Breaks for March 14, 2018
RH
Mar 14, 2018 | 07:11 EDT
As previously reported, Raymond James upgraded RH to Outperform from Market Perform and established a $95 price target. Analyst Budd Bugatch believes the company's "sizable" business transformation is behind it and the share decline year-to-date provides attractive risk/reward. Bugatch remains a fan of RH's long-term growth strategy and the addition of hospitality in its new FLDGs, creating a shopping experience that is difficult to replicate.
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