Notable Upgrades: Lockheed Martin (LMT), Lumber Liquidators (LL), Fossil Group (FOSL), Synopsys (SNPS), La-Z-Boy (LZB)

Analysts at Sterne Agee CRT are out with a report this morning upgrading shares of Lockheed Martin Corporation (LMT) with a ‘Buy‘ from ‘Neutral‘ rating.

Lockheed Martin Corp. shares are currently priced at 18.63x this year’s forecasted earnings, compared to the industry’s 15.35x earnings multiple. Ticker has a forward P/E of 16.62 and t-12 price-to-sales ratio of 1.45. EPS for the same period is $11.26.

In the past 52 weeks, shares of Bethesda, Maryland-based company have traded between a low of $166.28 and a high of $213.34 and are now at $209.78.

Shares are up 26.58% year-over-year and 11.40% year-to-date.

Analysts at Cantor Fitzgerald upgraded their rating on the shares of Lumber Liquidators Holdings, Inc. (LL). In a research note published on Thursday, the firm lifted the name with a ‘Buy‘ from ‘Hold‘ rating.

LL shares recently gained $1.27 to $15.48. In the past 52 weeks, shares of Toano, Virginia-based hardwood flooring retailer have traded between a low of $11.62 and a high of $69.99.

Shares are down 75.76% year-over-year and 78.57% year-to-date. LL has a median Wall Street price target of $13.00 with a high target of $15.00.

Fossil Group, Inc. (FOSL) was raised to ‘Sector Weight‘ from ‘Underweight‘at KeyBanc Capital Markets on Thursday.

FOSL is down $0.56 at $61.45 on normal volume. Midway through trading Thursday, 534K shares of Fossil Group Inc. have exchanged hands as compared to its average daily volume of 1.29 million shares. The stock has ranged in a price between $60.90 to $62.36 after having opened the day at $62.30 as compared to the previous trading day’s close of $62.01.

Over the past year, shares of Richardson,Texas-based company have traded between a low of $56.96 and a high of $115.20. Shares are down 37.27% year-over-year and 44.00% year-to-date.

Synopsys Inc. (SNPS) was reiterated a ‘Buy’ by DA Davidson analysts on Thursday. The broker also raised its price target on the stock to $60 from $56 noting it remains bullish on the name as its market leadership in core electronic design automation and ramping exposure to higher growth adjacent markets is driving strong cash generation and ongoing EPS expansion.

La-Z-Boy Incorporated (LZB) was reiterated as ‘Outperform’ with a $32 from $30 price target on Thursday by Barrington Research.

LZB is currently printing a higher than average trading volume with the issue trading 371K shares, compared to the average volume of 312K. The stock began trading this morning at $27.92 to currently trade 3.56% higher from the prior days close of $27.79. On an intraday basis it has gotten as low as $27.70 and as high as $29.00.

La-Z-Boy Inc. shares are priced at 21.43x this year’s forecasted earnings, compared to the industry’s 18.33x earnings multiple. The company’s current year and next year EPS growth estimates stand at 22.20% and 11.00% compared to the industry growth rates of 21.10% and 17.40%, respectively. LZB has a t-12 price-to-sales ratio of 0.98. EPS for the same period registers at $1.34.

LZB shares have advanced 7.50% in the last 4 weeks and 3.96% in the past three months. Over the past 5 trading sessions the stock has gained 10.76%. The Monroe Michigan-based company, which is currently valued at $1.46 billion, has a median Wall Street price target of $30.00 with a high target of $32.00.

La-Z-Boy Inc. is up 21.13% year-over-year, compared with a 4.38% gain in the S&P 500.

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