Citi Upgrades Restoration Hardware (RH) to Buy

Citi upgraded Restoration Hardware (NYSE: RH) from Neutral to Buy with a price target of $111.00 (from $76.00).

Analyst Geoffrey Small liked the positive pre-announcement and believes the initial FY 2018 guide alleviates some key concerns. The analyst sees a long runway for growth now that company has taken steps to simplify its supply chain which, in turn, is leading to sizable cash generation.

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 $83.30 yesterday.

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