Jefferies Upgrades Home Furnishings Retailer, Citing Turnaround Potential
The investment bank raised its rating on a struggling home furnishings stock from hold to buy.
Investment bank Jefferies has upgraded a home furnishings retailer's stock from hold to buy, according to CNBC.
The upgrade signals that analysts at the bank see the company positioned for a possible recovery after a period of weak performance, CNBC reported.
No further details on the rationale or price target were included in the report.
Sources
- This struggling home furnishings stock is on the cusp of a comeback, Jefferies says — CNBC — Top News
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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