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Fly News Breaks for June 17, 2019
RH
Jun 17, 2019 | 07:41 EDT
Raymond James analyst Bobby Griffin reaffirmed a Market Perform rating on RH following the company's "solid" Q1 results, but says he remains on the sidelines for now as some macroeconomic/geopolitical concerns remain, and, as the company's recent results illustrate, business remains volatile. Griffin also tells investors in a research note that with a little less than 40% of products still sourced from China, he remains concerned about price elasticity as tariff-related price increases start to flow through to consumers.
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