Wedbush Upgrades Restoration Hardware (RH) to Outperform

Wedbush analyst Seth Basham upgraded Restoration Hardware (NYSE: RH) from Neutral to Outperform with a price target of $340.00.

The analyst said: "Following meetings with RH CEO Gary Friedman and CFO Jack Preston last week, we are upgrading RH to OUTPERFORM from NEUTRAL. We came away from the meetings more confident in the building momentum in the company’s extraordinary product transition and accelerating store openings that should drive top- and bottom-line upside for at least the next two years."

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 $354.52 yesterday.

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