Goldman Sachs Upgrades Lumber Liquidators (LL) to Buy

Goldman Sachs upgraded Lumber Liquidators (NYSE: LL) from Neutral to Buy with a price target of $19, suggesting 19% upside.

The firm notes the company is exiting a period of severe business disruption associated with an SAP implementation, and returns to more consistent earnings growth.

Goldman notes that news members of management improving sourcing disciplines. They see three specific margin drivers: (1) product line reviews; (2) acquisition of largest sourcing partner; (3) falling container costs. In addition, inventory trends have finally corrected.

For more ratings news on Lumber Liquidators click here and for the rating history of Lumber Liquidators click here.

Shares of Lumber Liquidators closed at $16.02 yesterday.

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