Cantor Fitzgerald Upgrades Lumber Liquidators (LL) to Buy

(Updated - August 20, 2015 10:45 AM EDT)

Lumber Liquidators (NYSE: LL) gained Thursday after the stock's rating was raised to Buy with a price target of $18 at Cantor Fitzgerald.

Lumber Liquidators -- targeted by short sellers and featured in a negative 60 minutes report -- shares are down 80% year-to-date, the report noted, and analyst Laura Champine thinks downside risk has been more than priced in, while recovery potential is not reflected.

Yesterday Lumber Liquidators announced the hiring of Jill Witter as the Company's Chief Compliance and Legal Officer. In Champine's view, this will lead to improved oversight. Champine also noted top-line momentum may be building and said the company will benefit from a rationalization of SKUs and improved overall product presentation in stores.

For an analyst ratings summary and ratings history on Lumber Liquidators click here. For more ratings news on Lumber Liquidators click here.

Shares of Lumber Liquidators closed at $14.21 yesterday.

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