Market Overview

UPDATE: Goldman Sachs Raises PT to $35 on Restoration Hardware Following Q3 Results

Related RH
Benzinga's Top Initiations
UPDATE: Deutsche Bank Initiates Coverage On Restoration Hardware On Positive Outlook
Restoration Hardware Sparks Rally With Beat-And-Raise (Fox Business)

Goldman Sachs reiterated its Neutral rating on Restoration Hardware (NYSE: RH) while raising its price target from $34 to $35.

Goldman Sachs commented, "RH delivered 3Q2012 results that slightly exceeded our forecasts, with better retail SSS and tight cost controls more than offsetting softer-than-expected gross margin trends. Adjusted EPS of $0.07 exceeded our estimate of $0.03 and consensus of $0.04. … We continue to believe that RH is undergoing a three-pronged transformation, in merchandising (up-market and greater breadth); multichannel (channel agnostic, rapid online growth); and, real estate (closing small stores, opening fewer, larger units)."

Restoration Hardware closed at $26.69 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

Posted-In: Goldman SachsAnalyst Color Price Target Intraday Update Analyst Ratings

 

Related Articles (RH)

Around the Web, We're Loving...

Get Benzinga's Newsletters