Goldman Sachs Update On LL

Goldman Sachs has issued an update on Lumber Liquidators Holdings LL and the effect of the Chinese trade ruling on the company. According to the report, "The ruling came out on the positive side of the spectrum of possible outcomes, as LL's largest supplier proved exempt and the 2.25% rate applied to its other suppliers is below expectations which may have ranged from 5% to 10%. Our model had assumed no material disruption from this issue and, as such, our estimates are unchanged." LL has a Neutral Rating and a $23.00 Price Target. LL traded at $24.80 at closing yesterday.