Lumber Liquidators (LL) Brings the Lumber
Posted by The Staff on May 16, 2012 1:46 PM
Shares of Lumber Liquidators (NYSE: LL) are posting 52 week highs after housing starts were reported better than expected today. Lumber Liquidators beat estimates on both the top and bottom line when they reported earnings last month.
Analyst Laura Champine, of Canaccord Genuity, said recently that she expects gross margins at the company to improve in 2012, and as a result, she raised her price target on the company from $28 to $35.