Analyst Raises Estimates for Interface

New York, NY, Nov. 10, 2010 -- Analyst Stifel Nicolaus has a "buy" rating on shares of Interface Inc. and has raised its earning estimates and target price for the stock.

Stifel said that business is picking up in the corporate sector, a heavy user of carpet tile, and companies have record cash reserves.

Stifel expects Interface revenues will rise roughly 13% in 2011, up from its prior estimate of 7%. It also raised earngins estimates from $0.63 to $0.65 for 2010 and from $0.75 to $0.89 for 2011.