UPDATE: Piper Jaffray Upgrades Lumber Liquidators to Overweight

According to Piper Jaffray, Lumber Liquidators LL price target is raised to $26 and is upgraded to Overweight. Piper Jaffray said that it is upgrading shares of Lumber Liquidators to Overweight and increasing its price target to $26. “We see meaningful upside to the EPS guidance and believe comp improvement will help to support modest earnings multiple expansion.” Lumber Liquidators closed yesterday at $19.17.