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Fly News Breaks for September 5, 2018
RH
Sep 5, 2018 | 09:41 EDT
Loop Capital analyst Anthony Chukumba kept his Buy rating and $175 price target on RH after its Q2 earnings beat, saying he is "more than willing to give management a pass for missing" top-line forecast as its profitability is more important than revenue growth. The analyst further states that he would use any weakness in the stock price today as a "buying opportunity", adding that comparable brand revenue actually accelerated sequentially on a 2-year stacked basis.
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