TSC Ratings' Updates: Herman Miller

The following ratings changes were generated on September 18.

Herman Miller(MLHR Quote) has been upgraded from hold to buy. Herman Miller engages in the research, design, manufacture, and distribution of interior furnishings for various environments, including office, healthcare, educational and residential settings. The company's strengths can be seen in multiple areas, such as its notable return on equity, growth in earnings per share and relatively strong performance when compared with the S&P 500 during the past year. We feel these strengths outweigh the fact that the company shows low profit margins.

The company's current return on equity greatly increased when compared to its return on equity from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared with other companies in the commercial services & supplies industry and the overall market, MLHR's return on equity significantly exceeds that of both the industry average and the S&P 500. ...