Wedbush analyst Seth Basham raised his price target for RH to $170 from $160 as the company delivered Q2 results that topped updated guidance given with just five days left in the quarter as sales strengthened to end the quarter. RH also further boosted 2019 guidance by more than the beat in sales, operating margin, EPS and free cash flow, he notes, adding that the company is "firing on all cylinders," with its brand rising well above the fray of other struggling home furnishings and luxury retailers. Basham reiterates an Outperform rating on the shares.