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Enter Symbol:
Rating: LZB
Hold

La-z-boy Incorporated (NYSE: LZB) downgraded to Hold by BB&T Capital Mkts

Wednesday,  Jan 27, 2016  10:25 AM ET by Betsy O'Brien Harrison

BB&T Capital Mkts downgraded La-z-boy Incorporated (NYSE: LZB) to Hold. Previously
BB&T Capital Mkts downgraded to La-z-boy Incorporated (NYSE: LZB) to Buy with price target $27 on 06/19/2014, when the stock price was $23.51.

La-Z-Boy Incorporated is a reclining-chair manufacturer and a manufacturer of upholstered furniture. The Company also manufactures and imports casegoods (wood) furniture products for resale in North America. In addition, it has 68 company owned and operated retail stores located in eight markets in the United States. It markets furniture for every room of the home. The Company operates in three segments: the Upholstery Group, the Casegoods Group and the Retail Group. It sells to a number of furniture retailers primarily throughout the United States and Canada. It also sells to consumers through its Company-owned La-Z-Boy Furniture Galleries stores.

BB&T Capital Markets is dedicated to delivering world-class corporate banking, investment banking, and capital markets solutions to commercial clients, corporate clients, and government entities. Our customer focus and team approach, combined with the fast-growing strength and national recognition of BB&T, equip us to build lasting relationships and contribute significantly to the long-term success of each client.



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