Interface Stock Price Run-Up Prompts Hold Rating

New York, NY, Jan. 11, 2011 -- Analyst Stifel Nicolaus has downgraded shares of carpet tile maker Interface from "buy" to "hold" because the stock price is higher than Stifel's previous price target.

Stifel had a $17.50 price target and Monday the closing price was $17.56.

Shares of Interface have increased 105% over the past year compared to an 11.3% gain in the S&P 500

Stifel said it hasn't changed its sales or profit estimates.

"Interface remains well positioned as the leader in the share gaining carpet tile category and current business trends remain strong," Stifel said.