Lumber Liquidators downgraded to Neutral from Outperform at Credit Suisse Credit Suisse downgraded Lumber Liquidators to Neutral following the disappointing Q2 report and concerns regarding the the slowdown in Q2 growth. Price target lowered to $65 from $100.
Lumber Liquidators upgraded to Buy from Hold at Cantor Cantor Fitzgerald analyst Laura Champine upgraded Lumber Liquidators to Buy from Hold and raised her price target for shares to $18 from $15. The embattled wood flooring retailer closed yesterday down 75c to $14.21. The risk/reward scenario has become "much more appealing" with the down nearly 80% year-to-date, Champine tells investors in a research note. Appointing a chief compliance and legal officer with three decades of relevant experience should bring improved oversight, the analyst argues. Champine also raised her long-term gross margin assumptions after her recent store tour with senior management.