Fly News Breaks for March 5, 2015
LL
Mar 5, 2015 | 10:54 EDT
Goldman Sachs cut its price target for shares of Lumber Liquidators to $40 from $60 but keeps a Buy rating on the name. Goldman cites the "likely fallout from poor publicity" on the floor seller's business for its lowered estimates. The firm, however, sees a favorable risk/reward following the stock's almost 50% plunge since last week. Goldman says it has not seen proof of danger to consumers.
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