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Fly News Breaks for December 5, 2019
RH
Dec 5, 2019 | 09:17 EDT
Stifel analyst John Baugh said RH reported "strong" Q3 results, including EBIT margins that were "quite strong." He thinks estimates for 2020 will likely see meaningful upward revisions given the guidance for 200 basis points of year-over-year operating margin growth and he raised his price target on RH shares to $230 from $202 to account for his own increased estimates. The analyst, who added that he is confident in the company's ability to forecast margins, keeps a Buy rating on RH shares.
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