Market Overview

Why Culp's Stock Is Trading Higher Today

Share:

Culp (NYSE: CULP) shares are trading higher on Friday.

Stifel upgraded the stock from Hold to Buy and raised its price target from $8 to $13 per share.

Culp manufacturers, sources, and markets mattress fabrics and sewn covers used for covering mattresses and box springs and upholstery fabrics including cut and sewn kits used in the production of upholstered furniture.

The company has two operating segments Mattress fabrics and Upholstery fabrics. The mattress fabrics segment, also known as Culp Home Fashions, manufactures and markets mattress fabrics and mattress covers to bedding manufacturers.

Culp shares were trading up 18.76% at $8.04 at time of publication on Friday. The stock has a 52-week high of $19.63 and a 52-week low of $5.28.

Latest Ratings for CULP

DateFirmActionFromTo
May 2020StifelUpgradesHoldBuy
Mar 2020StifelMaintainsHold
Feb 2020Stifel NicolausDowngradesBuyHold

View More Analyst Ratings for CULP
View the Latest Analyst Ratings

 

Related Articles (CULP)

View Comments and Join the Discussion!

Posted-In: why it's movingUpgrades Price Target Analyst Ratings

Latest Ratings

StockFirmActionPT
SMEDLake StreetInitiates Coverage On10.0
CHWYCleveland ResearchInitiates Coverage On60.0
TECHStephens & Co.Downgrades273.0
EOGWolfe ResearchDowngrades54.0
MURWolfe ResearchDowngrades10.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com