UPDATE: Jefferies Reiterates on Lumber Liquidators Holdings on Multiple Positive Factors

In a report published Thursday, Jefferies analyst Daniel Binder reiterated a Buy rating on

, and raised the price target from $119.00 to $131.00. In the report, Jefferies noted, “We still like this momentum story as it outperforms at the top-line. Management is executing well against its strategy as it grows its customer base, benefits from marketing investments, improves training, expands the product mix, improves real estate and extracts good results from remodels. This is all contributing to higher sales productivity and gross margin rate.” Lumber Liquidators Holdings closed on Wednesday at $108.82.