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UPDATE: Piper Jaffray Reduces PT to $41 on Restoration Hardware Following Quarterly Report

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Piper Jaffray reiterated its Overweight rating on Restoration Hardware (NYSE: RH) but lowered its price target from $42 to $41.

Piper Jaffray said, "For investors looking for exposure to housing-related stocks, we recommend RH shares in view of what we believe will be at least mid-20s% earnings growth over the next few years as the company undertakes a unique and seemingly counter-intuitive strategy to improve market productivity by growing its store size. For reasons tied to the common refrain of Sandy and election disruption, shares could be under pressure following the company's absence of FQ4 guidance."

Restoration Hardware closed at $36.69 on Wednesday.

Latest Ratings for RH

DateFirmActionFromTo
Oct 2014Deutsche BankInitiates Coverage onBuy
Oct 2014Raymond JamesInitiates Coverage onOutperform
Sep 2014CRT CapitalInitiates Coverage onBuy

View More Analyst Ratings for RH
View the Latest Analyst Ratings

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