UPDATE: Morgan Stanley Initiates Coverage On Lumber Liquidators On Limited EPS Upside

In a report published Tuesday, Morgan Stanley analyst Simeon Gutman initiated coverage on Lumber Liquidators LL with an Equal-Weight rating and $84.00 price target. In the report, Morgan Stanley noted, “A rapid growth story with a better risk/reward given recent underperformance. We see high single-digit comps resuming later this year, but moderating gross margin expansion limits EPS upside. We initiate at EW.” Lumber Liquidators closed on Monday at $75.60.