KeyBanc Capital Markets has raised its rating for La-Z-Boy (LZB, Financial) from Sector Weight to Overweight. The financial services firm has set a price target of $46, suggesting a favorable long-term outlook for the furniture company. This recommendation comes as a response to the recent decline in La-Z-Boy's share price, highlighting a potential buying opportunity for investors who are willing to hold their positions for two to three years.
The company's resilience against short-term challenges, including recently imposed tariffs, has been noted by KeyBanc. The analyst, Bradley Thomas, expresses confidence in La-Z-Boy's ability to overcome these obstacles. Moreover, the firm anticipates that La-Z-Boy will gain from changes in tax policies and a likely rebound in the housing market and home-related expenditures.
This positive assessment signals potential substantial upside for those investing in La-Z-Boy, as the company is deemed to be a high-quality business with a solid foundation to weather current economic pressures.
