Fly News Breaks for March 3, 2015
LL
Mar 3, 2015 | 07:24 EDT
Janney Capital upgraded Lumber Liquidators to Buy saying its fair value estimate of $47 per share is unchanged despite the 45% sell-off in the past week. Janney notes there were no victims on the 60 Minutes show, nor did a regulator participate in the piece. The firm believes Lumber Liquidators has proven to be compliant with California Air Resources Board standards. The stock closed yesterday down $13.03 to $38.83 after 60 Minutes accused the company of excessive levels of formaldehyde in its Chinese laminate products.
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