RH - RH's Q4 Results Were 'Rough' Analyst Is Optimistic: 'Sales Growth Expected To Accelerate' | Benzinga
Shares of RH (NYSE: RH), the home furnishings company formerly known as Restoration Hardware, reported weaker-than-expected results for its fourth quarter.
While the Corte Madera, California-based company released a "rough print,” there is optimism around an improvement in demand, according to JPMorgan.
The RH Analyst: Christopher Horvers maintained an Overweight rating, while raising the price target from $329 to $345.
The RH Thesis: The company reported a 4.4% decline in revenues for the fourth quarter, missing expectations, which management attributed ...