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$TILE Interface initiated with an Outperform at Barrington
Barrington initiated coverage of Interface with an Outperform rating and $20 price target. Interface is a global leader in modular flooring, offering an integrated collection of carbon-neutral carpet tiles and resilient flooring including luxury vinyl tile and nora rubber flooring, the analyst tells investors in a research note. The firm cites its expectations for accelerating growth and expanding margins, combined with a "still attractive valuation despite strong share price performance," for the Outperform rating.