Shares of Ethan Allen (ETH - Get Report) were higher by 3.62% to $30.05 on Tuesday morning, following a rating upgrade to "strong buy" from "market perform" at Raymond James.

The upgrade comes as the firm sees fiscal 2017 yielding better results for the home furnishing company. One factor Raymond sees as a sales driver is the company's partnership with Disney (DIS - Get Report) .

The firm has a price target of $36 on the stock.