NEW YORK (AP) Signs of an improving housing market and a more upbeat consumer prompted an analyst to upgrade home furnishing retailers Williams-Sonoma Inc., Pier 1 Imports Inc. and Ethan Allen Interiors Inc. on Monday.
"While risks to a sustained economic recovery remain, we are optimistic that we are in the early stages of a recovery that will benefit many names under our coverage," Bradley Thomas of KeyBanc Capital Markets wrote in a client note. Thomas cited July's 7 percent increase in existing home sales compared with June and pointed out that home-related consumer spending tends to go hand-in-hand with housing data. The analyst raised his ratings on all three retailers to "Hold" from "Underweight." He also lifted his 2009 and 2010 earnings estimates on Bed Bath & Beyond Inc.- Loading Comments...
- Loading Comments...
Recent Comments
Featured Photo Galleries
Connect with TheStreet
 |
 |
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
|
|
DOWN
154.48
|
DOWN
19.14
|
DOWN
37.61
|
DOWN
0.48
|
10 Yr
3.23%
SPDR Gold
115.06
|
|
-1.48%
|
-1.72%
|
-1.73%
|
-1.46%
|
Data delayed 20 minutes |
