La-Z-Boy upgraded to strong buy by Raymond James
Jun 3, 2009, 2:16 p.m. EST
NEW YORK (MarketWatch) - La-Z-Boy Inc (LZB 3.03, +0.85, +38.99%) was upgraded to strong buy from market perform Wednesday by Raymond James. The broker said the furniture maker is positioned to benefit from improved industry conditions, once they materialize, and issued a 12-month price target of $4.50 a share. "Relative to other residential furniture equities, La-Z-Boy should benefit from its mid-market price points, well-known brand name, wide distribution, and heavy mix of upholstered revenues," wrote Budd Bugatch, director of furnishing research, in a note to clients. Shares of La-Z-Boy soared on the upgrade, rising 28% to $2.80 a share in afternoon trade.
Recent LZB News
- La-Z-Boy Incorporated Declares Quarterly Dividend • GlobeNewswire Inc. • 05/01/2024 08:15:00 PM
- England Furniture Brand Celebrates 60th Anniversary at High Point Furniture Market • GlobeNewswire Inc. • 04/19/2024 01:15:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/01/2024 09:06:16 PM
- La-Z-Boy Incorporated to Present at Raymond James 45th Annual Institutional Investors Conference • GlobeNewswire Inc. • 02/27/2024 02:27:21 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 02/20/2024 09:25:44 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/20/2024 09:21:04 PM
- La-Z-Boy Incorporated Reports Third Quarter Results • GlobeNewswire Inc. • 02/20/2024 09:15:00 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/09/2024 02:59:14 PM
- La-Z-Boy Incorporated Releases FY 2023 Sustainability Report: Delivering Sustainable Comfort • GlobeNewswire Inc. • 02/09/2024 02:05:00 PM
- La-Z-Boy Incorporated Announces Timing of Third Quarter Fiscal 2024 Earnings Release and Conference Call • GlobeNewswire Inc. • 02/06/2024 02:10:00 PM
- La-Z-Boy Incorporated Announces Investment in Furniture Market Showrooms, Reinforcing Commitment to Industry Furniture Markets • GlobeNewswire Inc. • 02/05/2024 07:26:18 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/30/2024 09:27:11 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 01/22/2024 07:03:07 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/17/2024 09:01:00 PM
- La-Z-Boy Incorporated to Present at the 2024 ICR Conference • GlobeNewswire Inc. • 01/03/2024 01:45:00 PM
- La-Z-Boy to Present at Morgan Stanley Global Consumer & Retail Conference • GlobeNewswire Inc. • 12/04/2023 03:37:54 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/29/2023 10:05:51 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/29/2023 09:59:50 PM
- La-Z-Boy Incorporated Reports Strong Second Quarter Results; La-Z-Boy Furniture Galleries® Network Written Same-Store Sales Up 1%; Dividend Increased 10% • GlobeNewswire Inc. • 11/29/2023 09:56:36 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 11/15/2023 09:09:31 PM
- La-Z-Boy Announces Timing of Second Quarter Fiscal 2024 Earnings Release/ Conference Call • GlobeNewswire Inc. • 11/07/2023 02:46:13 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/27/2023 08:45:02 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/25/2023 02:36:18 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/13/2023 06:01:02 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/05/2023 09:02:12 PM
FEATURED Element79 Gold Corp Reports Exceptionally High-Grade Results from Lucero • May 14, 2024 7:00 AM
VAYK Added New Manager for Expansion into $64 Billion Domestic Short-term Rental Market • VAYK • May 14, 2024 9:00 AM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM