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RH

RH

$102.90

(0.00%)

09:41
05/13/19
05/13
09:41
05/13/19
09:41

Gordon Haskett downgrades RH to Reduce on high-end consumer concerns

Gordon Haskett analyst Chuck Grom downgraded RH to Reduce from Hold at Gordon and lowered his price target for the shares to $88 from $100. A slowdown in the luxury housing market and high-end consumer spending is likely to keep the retailer's sales "at bay," Grom tells investors in a research note. Further, an impending convertible payback could put RH in a "tricky position from a leverage standpoint," adds the analyst. He believes a Reduce stock rating is warranted with the high-end consumer "running out of steam at exactly the wrong time." Shares of RH are down 3%, or $3.48, to $99.27 in early trading.

RH RH
$102.90

(0.00%)

03/29/19
03/29/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Wells Fargo (WFC) downgraded to Hold from Buy at Deutsche Bank with analyst Matt O'Connor saying he sees management and earnings uncertainty after the company announced that CEO and President Tim Sloan will step down effective immediately. 2. RH (RH) downgraded to Hold from Buy at Deutsche Bank with analyst Mike Baker saying he continues to believe in the long-term prospects for RH and acknowledges "that it is one of the few retailers growing sales, margins, profit dollars and earnings." 3. Carlyle Group (CG) downgraded to Neutral from Buy at BofA/Merrill. 4. Comcast (CMCSA) and Charter (CHTR) downgraded to Sector Perform from Outperform at RBC Capital. 5. Mosaic (MOS) downgraded to Neutral from Buy at Citi with analyst P.J. Juvekar saying following Mosaic's analyst day, he feels phosphate fundamentals have weakened in the near term and are unlikely to pick-up significantly "despite the company acting as a swing supplier by curtailing capacity." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/01/19
JPMS
04/01/19
NO CHANGE
Target $130
JPMS
Overweight
JPMorgan cuts RH target to $130, sees near-term buying opportunity
JPMorgan analyst Tami Zakaria lowered her price target for RH to $130 from $180 following the company's Q4 results but thinks the stock is oversold at current levels. As such, the analyst sees a near-term buying opportunity and keeps an Overweight rating on the name. While the 2019 guidance was disappointing and a reminder of a late-cycle consumer, RH's long-term vision of building a unique platform in luxury home furnishings retailing through the ongoing real estate transformation and operating platform redesign offers a "multi-year sales and profitability growth roadmap," Zakaria tells investors in a research note after speaking with management. She points out that RH reiterated its long-term targets of 8%-12% sales growth, mid to high teens operating margin, and 15%-20% income growth.
04/01/19
WOLF
04/01/19
DOWNGRADE
WOLF
Peer Perform
RH downgraded to Peer Perform from Outperform at Wolfe Research
05/13/19
GDHS
05/13/19
DOWNGRADE
GDHS
Reduce
RH downgraded to Reduce from Hold at Gordon Haskett

TODAY'S FREE FLY STORIES

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CBLK

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LB

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FLY

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GRPN

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WYND

Wyndham Destinations

$42.90

(0.00%)

09:42
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09:42
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Wyndham Destinations management to meet with Morgan Stanley »

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WYND

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$42.90

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UNVR

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TGT

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$103.11

17.54 (20.50%)

09:37
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DSGX

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VWAGY

Volkswagen

$0.00

(0.00%)

, TSLA

Tesla

$220.89

-4.81 (-2.13%)

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