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Fly News Breaks for February 20, 2020
W, LZB
Feb 20, 2020 | 04:58 EDT
Stifel analyst John Baugh upgraded La-Z-Boy (LZB) to Buy from Hold with a price target of $40, up from $33. The company reported another solid quarter with the highlight being a 10.5% increase in same-store written orders for the entire store system and improved margin in the upholstery segment, Baugh tells investors in a post-earnings research note. La-Z-Boy is weathering the "disruptors" like Wayfair (W), who are running into some difficulties, adds the analyst. He expects La-Z-Boy's EBITDA to grow near double digits for fiscal 2020 and 2021 and is surprised the stock didn't react more favorably to the Q3 results.
News For LZB;W From the Last 2 Days
W
Mar 27, 2024 | 17:19 EDT
Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGSRH... To see the rest of the story go to thefly.com. See Story Here