NEW YORK (TheStreet) -- Ethan Allen Interiors (ETH) shares had coverage initiated with a "buy" rating and a $30 price target by analysts at Gabelli (GAB) on Monday.
Ethan Allen shares are up 3.2% to $25.58 in early market trading today.
The price target represents a 21.1% upside for the stock's closing price on Friday.
TheStreet Ratings team rates ETHAN ALLEN INTERIORS INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate ETHAN ALLEN INTERIORS INC (ETH) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."