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Fly News Breaks for December 9, 2019
Dec 9, 2019 | 07:31 EDT
Guggenheim analyst Steven Forbes raised his price target for RH to $275 from $200 saying 2020 should bring the return of double-digit revenue growth while a launch of RH International could happen in 2021 versus expectations of 2022. The latter is a "meaningful potential catalyst" for both investor sentiment and revenue, Forbes tells investors in a research note. RH in late September set its two most important market share drivers, real estate transformation and product innovation/brand extensions, "back in motion concurrently for the first time in four years," contends the analyst, who reiterates a Buy rating on the shares.
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