Stifel analyst John Baugh upgraded Caesarstone to Buy from Hold and raised his price target for the shares to $19 from $17. The company's earnings have stabilized with three quarters in a row of guidance either being held or met on EBITDA, Baugh tells investors in a research note. Further, he believes Caesarstone's U.S. growth improvement with Q2 represents an inflection point. It is now seeing "material growth" in its kitchen and bath channel, says Baugh. In addition, growth in Caesarstone's home center channel could boost capacity utilization rates "should something come to fruition." On top of this, the stock continues to be "exceedingly cheap," claims the analyst.