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Restoration Hardware boosted by Goldman Sachs conviction

Aug. 19, 2016 8:21 AM ETRH (RH) StockRHBy: Clark Schultz, SA News Editor2 Comments
  • 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.

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