Restoration Hardware Holding Inc. (RH) - Get Report shares were up 2.38% to $58 premarket Friday after analysts at Deutsche Bank raised the company's rating to "buy" from "hold" while also raising its price target to a Wall Street high of $66 from $45.
The firm believes that there is an upside to consensus estimates due to a combination of less-than-expected revenue pull forward from current inventory optimization initiatives and greater-than-expected share buybacks.
Restoration Hardware shares have more than doubled over the past 12 months, climbing more than 105%.
What's Hot On TheStreet:
Well OK then, Jeff Immelt: General Electric's (GE) - Get Report outgoing CEO Jeff Immelt had some choice things to say at an event in NYC on Thursday night, TheStreet's Kinsey Grant reports. First, Immelt revealed a possibly fatal management mistake Kroger's (KR) - Get Report CEO might have made about Amazon (AMZN) - Get Report who as we all know, just inked a $13.7 billion deal for organic grocer Whole Foods (WFM) . Immelt then took a jab at Hillary Clinton and Barack Obama for not visiting factories in their push to lift manufacturing wages. Talk about a well-paid boss going down swinging.
Why Sears Canada is dying: Sears Canada (SRSC) has one foot in the grave just like its ailing U.S. friend Sears Holdings Corp. (SHLD) . Unfortunately for Sears Canada, it's that friend across the boarder that has played a large role in its demise, TheStreet's Michelle Lodge reports. Sears has sucked badly needed cash away from Sears Canada through the years, leaving it unable to upgrade stores and do other things to compete effectively in the always challenging Canadian retail market.
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