Restoration Hardware (RH) Tops Q3 EPS by 4c; Guides Well Below the Street
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UBS Cuts Price Target on Restoration Hardware (RH) to $34 Following 3Q
December 9, 2016 10:21 AM ESTUBS maintained a Neutral rating on Restoration Hardware (NYSE: RH), and cut the price target to $34.00 (from $38.00), following the company's 3Q earnings report. following the company's 3Q earnings report. RH reported EPS of $0.20 exceeding the consensus estimate of $0.16. Management highlighted a soft start to the 4Q, driven by the election, a delay in getting its source book to customers, and its... More
Restoration Hardware (RH) PT Cut to $30 at Cowen
December 9, 2016 6:17 AM ESTCowen analyst Oliver Chen reiterated a Market Perform rating and lowered his price target on Restoration Hardware (NYSE: RH) to $30.00 (from $33.00) following weak results and outlook.
Chen commented, "Many shortfalls: sourcebook delay, aggressive SKU rationalization, and election/weakness in luxury and high-end... More
