Lumber Liquidators Gets Upgrade to 'Buy'

New York, NY, June 24, 2011 -- Shares of Lumber Liquidators were upgraded to a "buy" by industry analyst Stifel Nicolaus.

The firm said hardwood flooring retailer is poised for market share growth.

Lumber Liquidators has been able to grow its business. Since the industry's 2005 peak during the housing boom, the company's sales have jumped from $245 million to $620 million and it has nearly tripled the number of its stores.

The firm was described as a category killer.