Analyst Gives Lumber Liquidators 'Buy' Rating

New York, NY, Aug. 19, 2013 -- Analyst Jefferies has begun its coverage of Lumber Liquidators with a "Buy" rating and $115 price target.

The firm said that Lumber Liquidators management has executed its low cost, price leading strategy well, while delivering high quality products and service.

In addition, the firm said, efforts to expand the customer base should lead to above average growth and the company is well positioned to take advantage of the housing market rebound.