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Herman Miller (MLHR - Get Report) designs and distributes interior furnishings for a variety of settings. It has been upgraded to a buy from a hold. The company's strengths include its revenue growth, notable return on equity and good cash flow from operations.
Herman Miller's earnings rose 19.6% to 67 cents per share in the second quarter of its fiscal 2008 compared with 56 cents a share in the same period last year. The company's stock price has fallen by 12.08% in the past 12 months, but given its other strengths, the price level presents an attractive buy opportunity.Herman Miller had been rated a hold since Nov. 13, prior to which it had been rated a buy since December 2005.