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KNL

Knoll

$26.69

0.18 (0.68%)

10:38
12/01/16
12/01
10:38
12/01/16
10:38

Knoll to acquire Buffalo-based DatesWeiser; financial terms not disclosed

Knoll and DatesWeiser Furniture announced that Knoll has acquired the Buffalo-based designer and manufacturer of contemporary wood conference and meeting room furniture through an acquisition of the DatesWeiser business. Founded in 1982, DatesWeiser has a flagship New York City showroom. Allan Weiser will serve as president of DatesWeiser; he will continue to lead his sales and operations teams.

KNL Knoll
$26.69

0.18 (0.68%)

09/30/16
RAJA
09/30/16
DOWNGRADE
RAJA
Market Perform
Knoll downgraded to Market Perform from Outperform at Raymond James
Raymond James analyst Budd Bugatch downgraded Knoll to Market Perform to reflect the reports from office furniture manufacturers and residential furniture retailers that indicate business activity slowed in July and only modestly recovered in August and September. The analyst recommends staying on the sidelines until there is evidence the industry has not entered into a period of declining orders and sales.
09/30/16
09/30/16
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. Alcobra (ADHD) downgraded to Neutral from Overweight at Piper Jaffray analyst Charles Duncan citing the near-term increase in clinical risk and timeline uncertainty after the company's Metadoxine program was placed on full clinical hold by the FDA. 2. CNO Financial (CNO) downgraded to Neutral from Buy at Goldman and to Neutral from Buy at BTIG. 3. CalAmp (CAMP) downgraded to Equal-Weight from Overweight at First Analysis with analyst Howard Smith saying the shares are likely range-bound until the company can build investor confidence in its growth profile. 4. Knoll (KNL) downgraded to Market Perform from Outperform at Raymond James with analyst Budd Bugatch citing the reports from office furniture manufacturers and residential furniture retailers that indicate business activity slowed in July and only modestly recovered in August and September. 5. Core-Mark (CORE) downgraded to Hold from Buy at Jefferies saying he sees earnings risk in 2017 following the loss of Circle K's Southeast. 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
Target $27
GHSC
Buy
Knoll initiated with a Buy at Seaport Global
Seaport Global analyst Matt McCall initiated Knoll with a Buy and a $27 price target. The analyst would take advantage of recent weakness saying concerns about softer commercial markets are overstated.

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