Restoration Hardware pullback a buying opportunity, says Jefferies

theflyonthewall.com

Jefferies attributes to post-earnings pullback yesterday in shares of Restoration Hardware to "irrational concerns" surrounding the quality of the earnings guidance increase. The firm sees a buying opportunity for shares and expects the stock to find support in the mid- to high $60s. Jefferies has a Buy rating on Restoration with an $88 price target.

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