RH Reports Fourth Quarter and Fiscal 2016 Financial Results

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Restoration Hardware (RH) PT Raised to $40 at Deutsche Bank; Remains Sidelined on Valuation

March 29, 2017 6:23 AM EDT

Deutsche Bank raised its price target on Restoration Hardware (NYSE: RH) to $40.00 (from $31.00) while maintaining a Hold rating due to valuation.

Analyst Adam Sindler commented, "4Q16 results were in line with the pre-announce, with sales of $590 million and EPS of $0.68. Gross margins... More