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Fly News Breaks for November 12, 2019
RH
Nov 12, 2019 | 20:56 EDT
Barclays analyst Adrienne Yih initiated coverage of RH with an Overweight rating and $198 price target. The analyst is positive on the company's business model that is already more than 90% direct-to-consumer and the strength of its brand limiting discounting. Yih adds that RH is benefiting from the shift in the inventory model away from high "in-stock" levels to a more customizable, build-to-order inventory model.
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