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Fly News Breaks for July 24, 2017
LL
Jul 24, 2017 | 07:55 EDT
Wedbush analyst Seth Basham expects Lumber Liquidators' Q2 results to beat expectations. The analyst says that his checks indicate that the company's traffic has reached a positive turning point, while its ticket totals "remain solid" and its "cost controls should buoy SG&A leverage." He notes that Census data indicates that floor covering retail sales rose sharply last quarter. The analyst keeps a $27 price target and an Outperform rating on the stock.
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