Fly News Breaks for March 2, 2015
LL
Mar 2, 2015 | 09:24 EDT
Janney Capital believes that the "60 Minutes" report on Lumber Liquidators, which focused on formaldehyde contained in some products from China and possible fraud by the company, will likely hurt near term sales momentum, but that the gross margin impact will be modest and is already reflected in guidance. The firm said it is tough to quantify the near term sales impact of the bad press, but that it believes the impact will already be reflected in the shares, which are set to open below $40 per share. Janney has a Neutral rating and $47 fair value estimate on the stock.
News For LL From the Last 2 Days
There are no results for your query LL