Restoration Hardware (RH) PT, Estimates Raised at Piper Jaffray

Piper Jaffray analyst Neely Tamminga lifted her price target on Overweight-rated Restoration Hardware (NYSE: RH) to $91.00 (from $82.00) following better-than-expected results after the close.

"Management outlined their longer-term financial roadmap in which they believe they can achieve $4-$5B in revenue and a mid-teens% operating margin rate over time," the analyst commented.

The firm raised FY 2015 EPS from $2.32 to $2.35 and FY 2016 EPS from $2.98 to $3.16.

For an analyst ratings summary and ratings history on Restoration Hardware click here. For more ratings news on Restoration Hardware click here.

Shares of Restoration Hardware closed at $86.18 yesterday.

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