Market Overview

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

Related RH
Nail Profits On Restoration Hardware Holdings Inc (NYSE:RH) At This Level
Restoration Hardware Drops On Weak Revenue; JDS Uniphase Shares Spike Higher
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
Sep 2014Wolfe ResearchUpgradesUnderperformPeer Perform
Jul 2014BB&T CapitalDowngradesBuyHold
Jul 2014NomuraInitiates 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...

Partner Network

Get Benzinga's Newsletters