Ethan Allen Interiors shares are trading higher after the company reported better-than-expected Q4 adjusted EPS results. Additionally, Telsey Advisory Group maintained a Market Perform rating on the stock but raised its price target from $28 to $33.
Portfolio Pulse from Benzinga Newsdesk
Ethan Allen Interiors reported better-than-expected Q4 adjusted EPS results, leading to a rise in its share prices. Telsey Advisory Group maintained a Market Perform rating on the stock but increased its price target from $28 to $33.
August 04, 2023 | 1:59 pm
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Ethan Allen Interiors' better-than-expected Q4 EPS results and the raised price target by Telsey Advisory Group are positive indicators for the company's stock.
Ethan Allen Interiors' strong Q4 EPS results indicate good financial health, which is a positive signal to investors. Additionally, the raised price target by Telsey Advisory Group suggests that the stock has potential for growth, which could lead to an increase in demand and subsequently, a rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100