The Associated Press reported today that a leading office furniture industry analyst raised his ratings on three of the four top office furniture manufacturers.
Proclaiming that "signs are beginning to emerge that suggest there may be some light at the end of the tunnel", Budd Bugatch, Director of Furnishings Research for Raymond James, raised his ratings on Knoll Inc (KNL) to "Strong Buy", Steelcase Inc (SCS) to "Strong Buy", and HNI Corporation (parent company of Allsteel) to "Outperform". Bugatch cited moderating job losses and better corporate profits driven mostly by cost cuts as the primary reasons for his optimism.
Nice to get some sunny good news, because its been long dark winter...
Proclaiming that "signs are beginning to emerge that suggest there may be some light at the end of the tunnel", Budd Bugatch, Director of Furnishings Research for Raymond James, raised his ratings on Knoll Inc (KNL) to "Strong Buy", Steelcase Inc (SCS) to "Strong Buy", and HNI Corporation (parent company of Allsteel) to "Outperform". Bugatch cited moderating job losses and better corporate profits driven mostly by cost cuts as the primary reasons for his optimism.
Nice to get some sunny good news, because its been long dark winter...
