Guggenheim Sees 25% EBITDA Growth at RH (RH)

Guggenheim analyst Steven Forbes reiterated a Buy rating and $275.00 price target on Restoration Hardware (NYSE: RH), with raising estimates.

Forbes sees a path to 275-325 basis points of EBIT margin expansion, versus management's preliminary guidance of "at least" 200 basis points.

The analyst said when combined with the ramp in "core" revenue growth, due to a re-acceleration in the company’s real estate transformation effort, they see a path to $610 million of EBITDA in 2020 - well ahead of the $565 million consensus forecast.

For an analyst ratings summary and ratings history on Restoration Hardware click here. For more ratings news on Restoration Hardware click here.

Shares of Restoration Hardware closed at $222.39 yesterday.

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