Stanley Stock Gets Upgrade

December 9, 2008  by in UnCategorized   

By Home Furnishings Business in Financial Reports on December 10, 2008 Shares of Stanley Furniture rose 16 percent after an analyst's upgrade, Thomson Financial News reported Tuesday.

Stifel Nicolaus analyst John Baugh upgraded Stanley stock to "buy" from "hold," and noted that the U.S. furniture industry could be nearing the bottom of a down cycle, with national furniture spending perhaps recovering in 2009.

The report noted that other furniture stocks improved. La-Z-Boy was up 13 cents, or 4.6 percent; and Ethan Allen Interiors was up 41 cents, or 2.6 percent.