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Fly News Breaks for August 1, 2019
RH
Aug 1, 2019 | 08:02 EDT
BofA Merrill Lynch analyst Curtis Nagle double upgraded RH to Buy from Underperform after the company reported better than expected preliminary Q2 results. He believes RH has further upside on stronger product momentum, price hikes and less macro risk then he had assumed, said Nagle, who increased his 2019-21 EPS estimates and raised his price target on the stock to $165.
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