Citi sees upside for RH

|About: RH (RH)|By:, SA News Editor

Citi initiates coverage on RH (NYSE:RH) with a Buy rating.

The positive view on RH is based on its positioning in the upper-tier segment, new initiatives from management and HSD sales growth potential.

"We expect outperformance vs. consensus in 2H17," writes analyst Geoffrey Small.

The investment firm assigns a price target of $56 on the retailer to rep 15% upside potential for shares.

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