Barrington Research: Barrington Research Initiates Coverage On Home Furnishing Companies

In a note released Monday, Barrington Research analyst Kristine Koerber initiated coverage on the following companies.Ethan AllenKoerber initiated coverage of Ethan Allen Interiors (NYSE: ETH) with a Market Perform rating and has not yet set a price target.The big takeaway from her outlook on the company was to use caution in the near-term and expect growth over the long-term. Koerber pointed to Ethan Allen's current repositioning of its merchandise to target a much broader demographic as the reason for the near-term caution. She noted, as with all major merchandising shifts, the company is open to execution risk.Looking forward, Koerber forecasts "long-term sales growth of mid- to high-single digits and EPS growth of mid to high teens" upon the successful completion of its repositioning efforts.Haverty Furniture CompaniesKoerber initiated coverage on Haverty Furniture Companies (NYSE: HVT) with an Outperform rating and a $30 price ...