NEW YORK ( TheStreet) -- Shares of Restoration Hardware Holdings ( RH) are up 2.86% to $89.55 after Bank of America ( BAC) upgraded its rating to 'buy' from 'neutral,' and raised its price target to $110.00 from $85.00, citing the retailer's real estate strategy towards larger design galleries.
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Separately, TheStreet Ratings team rates RESTORATION HARDWARE HOLDINGS as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate RESTORATION HARDWARE HOLDINGS (RH) a HOLD. The primary factors that have impacted our rating are mixed, some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including premium valuation and weak operating cash flow."
Highlights from the analysis by TheStreet Ratings Team goes as follows: