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Fly News Breaks for November 1, 2017
LL
Nov 1, 2017 | 07:20 EDT
Piper Jaffray analyst Peter Keith says Lumber Liquidators' valuation is becoming more reasonable following yesterday's post-earnings selloff. While the Q3 comp of up 3.8% was a little disappointing, adjusted EBIT surpassed expectations and the Q4 comp guidance was better than expected, Keith tells investors in a research note. He continues to see signs of a steady recovery in sales/profitability and raised his price target for the shares to $34 from $32. The analyst keeps a Neutral rating on Lumber Liquidators.
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