KeyBanc Downgrades Lumber Liquidators (LL) to Hold; Valuation Call After Run
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Price: $86.03 --0%
Rating Summary:
5 Buy, 6 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 9 | Down: 11 | New: 13
Rating Summary:
5 Buy, 6 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 9 | Down: 11 | New: 13
Trade LL Now!
KeyBanc downgraded Lumber Liquidators (NYSE: LL) from Buy to Hold.
Analyst, Bradley B. Thomas, said, "Over the last several years, we have remained bulls on the underlying business, management team, and growth opportunity; however, with the stock up 94.9% year-to-date (vs. 8.6% increase in the S&P 500) and valuation essentially at all-time highs (at a P/E of 27x 2012 and 22x 2013), we now believe the risk/reward is more balanced."
Thomas raises FY12 EPS estimate from $1.22 to $1.28 and FY13 from $1.44 to $1.54.
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 $34.42 yesterday, with a 52 week range of $13.43-$34.56.
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Analyst, Bradley B. Thomas, said, "Over the last several years, we have remained bulls on the underlying business, management team, and growth opportunity; however, with the stock up 94.9% year-to-date (vs. 8.6% increase in the S&P 500) and valuation essentially at all-time highs (at a P/E of 27x 2012 and 22x 2013), we now believe the risk/reward is more balanced."
Thomas raises FY12 EPS estimate from $1.22 to $1.28 and FY13 from $1.44 to $1.54.
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 $34.42 yesterday, with a 52 week range of $13.43-$34.56.
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