La-Z-Boy (LZB -11.6%) plummets after Wall Street Strategies analyst Brian Sozzi cuts shares to...

|About: La-Z-Boy Incorporated (LZB)|By:, SA News Editor

La-Z-Boy (LZB -11.6%) plummets after Wall Street Strategies analyst Brian Sozzi cuts shares to Hold from Buy, citing “basically non-existent” retail store traffic and rising commodity prices. La-Z-Boy met FQ4 earnings expectations, but CEO Kurt Darrow notes consumer buying attitudes "lacking the same robustness" seen in the early months of 2011.