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UBS Cuts Price Target on Restoration Hardware (RH) to $34 Following 3Q

December 9, 2016 10:21 AM EST

UBS 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