Restoration Hardware Stock Climbs on Goldman Upgrade

Shares of Restoration Hardware (RH) - Get Report were up by more than 8% during midday trading Friday after Goldman Sachs upgraded its rating on the stock to Conviction Buy from Neutral. Goldman also increased its price target by $3 to $40. The analyst team said in a research note today that the furniture retailer is in the unique position of operating a potent franchise with low current expectations. They think the business will begin to recover in the fourth quarter.

Goldman Sachs disclosure: We, Matthew J. Fassler and Katie Price, hereby certify that all of the views expressed in this report accurately reflect our personal views about the subject company or companies and its or their securities. We also certify that no part of our compensation was, is or will be, directly or indirectly, related to the specific recommendations or views expressed in this report.

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