Morgan Stanley Sticks to Its Buy Rating for RH (RH)
Morgan Stanley analyst Simeon Gutman reiterated a Buy rating on RH today and set a price target of $240.00.
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Gutman covers the Consumer Cyclical sector, focusing on stocks such as Dick’s Sporting Goods, RH, and Five Below. According to TipRanks, Gutman has an average return of 1.3% and a 57.63% success rate on recommended stocks.
In addition to Morgan Stanley, RH also received a Buy from Barclays’s Seth Sigman in a report issued today. However, on the same day, KeyBanc maintained a Hold rating on RH (NYSE: RH).
Based on RH’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $842.62 million and a net profit of $28.78 million. In comparison, last year the company earned a revenue of $812.41 million and had a net profit of $13.92 million
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