KeyBanc Upgrades Ethan Allen Interiors (ETH) to Hold; Furniture Trends Positive, Valuation Still an Overhang
Tweet Send to a FriendGet Alerts ETH Hot Sheet
Price: $32.29 +0.34%
Rating Summary:
1 Buy, 2 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
1 Buy, 2 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade ETH Now!
KeyBanc upgraded Ethan Allen Interiors (NYSE: ETH) from Underweight to Hold.
KeyBanc analyst says, "We believe trends through the quarter remained healthy, and we are encouraged by marketing and merchandising initiatives in place for 2011. While we believe ETH shares present a compelling long-term opportunity, with the potential for $3.00+ in earnings power, valuation remains among the most expensive in our coverage. Furthermore, ETH faces very difficult comparisons in the upcoming September and December quarters, which could result in yearly declines in sales and EPS. As such, we believe a HOLD rating is appropriate at this time."
For more ratings news on Ethan Allen Interiors click here and for the rating history of Ethan Allen Interiors click here.
Shares of Ethan Allen Interiors closed at $22.07 yesterday, with a 52 week range of $12.35-$25.40.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
KeyBanc analyst says, "We believe trends through the quarter remained healthy, and we are encouraged by marketing and merchandising initiatives in place for 2011. While we believe ETH shares present a compelling long-term opportunity, with the potential for $3.00+ in earnings power, valuation remains among the most expensive in our coverage. Furthermore, ETH faces very difficult comparisons in the upcoming September and December quarters, which could result in yearly declines in sales and EPS. As such, we believe a HOLD rating is appropriate at this time."
For more ratings news on Ethan Allen Interiors click here and for the rating history of Ethan Allen Interiors click here.
Shares of Ethan Allen Interiors closed at $22.07 yesterday, with a 52 week range of $12.35-$25.40.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: Applied Materials, Inc. (AMAT) Tops Q2 EPS by 3c, Offers Guidance
- Stephens Upgrades Heartland Payment Systems (HPY) to Overweight
- BofA/Merrill Lynch Upgrades TC Pipelines (TCP) to Buy
Create E-mail Alert Related Categories
UpgradesRelated Entities
KeyBanc, Earnings
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
