- Restoration Hardware (NYSE:RH) is added to the America Conviction Buy List at Goldman Sachs with the retailer seen returning to growth next year.
- "In a sense, we expect RH to deliver the refresh to its vitality that the market originally expected a year ago, but which was derailed by its own struggles and macro headwinds," writes analyst Matthew Fassler.
- Goldman sets a price target of $40 on RH.
- Shares of Restoration Hardware are up 5.62% to $32.50 in premarket action.