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MLHR

Herman Miller

$37.95

-0.55 (-1.43%)

08:23
12/26/17
12/26
08:23
12/26/17
08:23

Herman Miller upgraded to Outperform from Market Perform at Raymond James

Raymond James analyst Budd Bugatch upgraded Herman Miller to Outperform and established a $43 price target following newly passed tax reform. The analyst believes the economic backdrop favors a strong office furniture demand environment and tax reform increases incentives for office furniture purchases given immediate expensing of short-term capital assets.

MLHR Herman Miller
$37.95

-0.55 (-1.43%)

06/27/17
SIDC
06/27/17
INITIATION
Target $38
SIDC
Buy
Herman Miller initiated with a Buy at Sidoti
Sidoti analyst Gregory Burns started Herman Miller with a Buy rating and $38 price target.
03/23/17
03/23/17
UPGRADE

Market Perform
Herman Miller upgraded to Market Perform from Underperform at Raymond James
As previously reported, Raymond James upgraded Herman Miller to Market Perform from Underperform. Analyst Budd Bugatch views risk/reward a more balanced following the Q3 report.
03/23/17
RAJA
03/23/17
UPGRADE
RAJA
Market Perform
Herman Miller upgraded to Market Perform from Underperform at Raymond James
01/03/17
01/03/17
DOWNGRADE

Underperform
Herman Miller downgraded to Underperform at Raymond James
As previously reported, Raymond James downgraded Herman Miller to Underperform from Market Perform. Analyst Budd Bugatch said Herman Miller is the least attractive stock in the contract office furniture sub-sector given challenges in the North American business due to competitive pricing, raw material headwinds, and choppy order patterns. Further, the ELA business remains pressured by uncertainty in the U.K. and Middle East and DWR seems likely to face increased near-term pressures from per-opening expenses as it accelerates new studio openings. Bugatch cannot find a way to justify Herman Miller's current share price given near-term challenges.

TODAY'S FREE FLY STORIES

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XXII

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ZSAN

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OBLN

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TWTR

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ILG

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SBUX

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KMB

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PFIE

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NFLX

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MLHR

Herman Miller

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