UPDATE: Goldman Sachs Raises PT to $21 on Lumber Liquidators, Maintains Buy

Goldman Sachs reiterates its Buy rating on Lumber Liquidators LL and raises its price target to $21 from $19 on signs of a firmer end market. Goldman Sachs notes, "The latest monthly government data on the flooring industry suggests an uptick in demand. Government personal expenditures on floor covering products — a category which includes carpet and tiles in addition to hardwood floors — rose +8.3% in November (the latest month available) vs. +5.8% in October and +4.8% in September. And the latest government retail sales data, released Thursday, showed that spending at floor covering stores rose 12.3% yoy in November — the fastest rate since May 2005 and compared to +5.9% in October and +6.5% in September." LL closed at $18.87 per share on Friday.