Restoration Hardware (RH) PT Maintained at $175, Added to 'Best Idea' List at Guggenheim; 'Increased Conviction Around FY19 Outlook'

Guggenheim analyst Steven Forbes maintained the price target on Restoration Hardware (NYSE: RH) at $175.00 while maintaining a Buy rating, following meetiings with management.

Analyst Forbes notes a positive outlook on RH shares, following meetings with Chairman and CEO, Gary Friedman, and several other executive team members—including Ryno Blignaut, President, Chief Financial and Administrative Officer, and David Stanchak, President, Chief Real Estate & Development Officer, as conversation focused on "building a brand with no peer." The meeting was extremely constructive, increasing conviction around FY 2019 outlook and estimates, while adding RH to new 'Best Ideas' list.

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