Fly News Breaks for July 30, 2019
Jul 30, 2019 | 08:27 EDT
Stifel analyst John Baugh increased his price target on RH shares to $153 from $140 after the company raised its guidance for the second quarter and for the full year, stating that he continues to like the company's ability to grow sales and margin in what is a "difficult retail environment." He keeps a Buy rating on RH shares, stating that he does not fault the company for saying it is "cautiously optimistic" about the second half as there is still a lot of uncertainty in the macro environment.
News For RH From the Last 2 Days
Sep 16, 2019 | 07:54 EDT
Loop Capital analyst Anthony Chukumba raised his price target on RH to $190 and kept his Buy rating after the company's completed convertible note offering last week. The analyst says he is impressed with RH's ability to issue debt without any cash interest cost, which highlights investors' confidence in the company's long-term potential.