UPDATE: Goldman Sachs Raises Lumber Liquidators' PT

According to a research report published this morning, Goldman Sachs has increased Lumber Liquidators' LL PT from $25 to $28. In the report, Goldman Sachs said, "We raise estimates sharply to reflect the beat. As we move past disruption from SAP and return to a typical seasonal cadence, keep in mind that 2Q earnings are typically sharply above 1Q levels; neither consensus nor our forecasts modeled this previously. Also, 1Q contained isolated losses related to Canada start up-costs. Consequently, we raise our estimates as follows: 2012 EPS goes to $1.34 from $1.18, 2013 EPS goes to $1.56 from $1.40, and 2014 goes to $1.76 from $1.58." Goldman Sachs maintains its Neutral rating on Lumber Liquidators, which closed yesterday at $25.03.