UPDATE: Goldman Sachs Raises PT on Lumber Liquidators to $18

Goldman Sachs is out with its report today on Lumber Liquidators LL, raising its PT from $17 to $18. In its report, Goldman Sachs writes, "We are raising our forecast to bring our 4Q estimates into the firm's guidance zone, though we move toward the high end of the sales range but only the midpoint of the earnings range, as EBIT margin color looks aggressive. 2011 goes to $0.97 from $0.90, based on 4Q11 at $0.34 vs. $0.21 last year, up from $0.30. The change primarily reflects higher sales. 2012 goes to $1.16 from $1.10, and 2013 to $1.37 from $1.30. We hike our 12-month price target to $18 from $17 on our higher estimates." At the time of posting, shares of LL were trading pre-market at $15.39, down 1.41% from Thursday's close.