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MLHR

Herman Miller

$33.20

0.65 (2.00%)

08:10
11/22/16
11/22
08:10
11/22/16
08:10

Herman Miller opens retail store in New York

Herman Miller announced the opening of a Herman Miller-branded retail store anchoring the company's New York City flagship. Open to the public as of Tuesday, November 22, the store occupies 6,000 SF on the ground and second floors of Herman Miller's multi-level presence at 251 Park Avenue South in Manhattan. The store is part of Herman Miller's transformation into a premium lifestyle company, and will offer consumers the opportunity to connect with Herman Miller through a new channel.

MLHR Herman Miller
$33.20

0.65 (2.00%)

06/24/16
06/24/16
DOWNGRADE

Hold
Herman Miller downgraded to Hold from Buy at BB&T
06/24/16
06/24/16
DOWNGRADE

Hold
Herman Miller downgraded on valuation at BB&T
As noted earlier, BB&T downgraded Herman Miller to Hold from Buy. The firm downgraded the stock based on valuation. The firm also cited tougher comps, inflation, and limited visibility in North America beyond mid-2017 as reasons for the downgrade.
06/24/16
06/24/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. AT&T (T) downgraded to Neutral from Buy at Buckingham with the firm citing valuation, noting that the company's forward P/E multiple has reached its highest level in four years. 2. T-Mobile (TMUS) downgraded to Neutral from Buy at Nomura with analyst Jeffrey Kvaal saying competition should become more difficult in 4Q as iPhone 7 promos ramp and recent commentary by T-Mobile implies higher churn, which will limit net Q2 upside. 3. Accenture (ACN) downgraded to Neutral from Outperform at Credit Suisse with analyst Charles Brennan saying Accenture reported the first slowdown in growth momentum in over 2 years and gross margin weakness that was offset by sales and marketing and G&A savings. 4. Herman Miller (MLHR) downgraded to Hold from Buy at BB&T with the firm citing valuation. 5. Celadon Group (CGI) downgraded to Hold from Buy at Stifel with the firm saying it thinks that the company is being hurt by "soft demand" and weak prices in the trucking and logistics sector. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/04/16
GHSC
11/04/16
INITIATION
GHSC
Neutral
Herman Miller initiated with a Neutral at Seaport Global

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