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

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.
Comments (7)
  • more signs of the "recovery"; just wait til ben's 2nd half - even better
    22 Jun 2011, 03:28 PM Reply Like
  • Sounds like an inkling of a double dip to me ...cornerstone of the middle class economy ...
    22 Jun 2011, 03:30 PM Reply Like
  • avminc.net
    22 Jun 2011, 03:31 PM Reply Like
  • someone tell LazyB that ben promised things will improve in the 2nd half
    22 Jun 2011, 03:32 PM Reply Like
  • Looks like an indicator of a double dip ...core brand of middle class demand that is clearly wavering
    22 Jun 2011, 03:33 PM Reply Like
  • So how to profit? Short HOG? LULU?
    22 Jun 2011, 09:55 PM Reply Like
  • Just wait until they release a model with a built in IPAD pouch....sales will take off....
    22 Jun 2011, 03:44 PM Reply Like
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