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Actionable news in RH: RESTORATION HARDWARE HOLDINGS Inc,

Restoration Hardware (RH) Stock Gains on Ratings Upgrade

NEW YORK (TheStreet) -- Shares of Restoration Hardware (RH) were up 5.30% to $32.40 in pre-market trading on Friday after Goldman Sachs hiked its rating on the stock to "conviction buy" from "neutral."

The firm increased its price target on shares of the Corte Madera, CA-based home furnishings retailer to $40 from $37.

Restoration Hardware is operating a "potent franchise with low current expectations, idiosyncratic business drivers, and, we believe, two ways to create value," Goldman Sachs wrote in a note.

The firm...


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