Ethan Allen price target lowered to $24 from $27 at Telsey Advisory

Telsey Advisory lowered the firm’s price target on Ethan Allen (ETD) to $24 from $27 and keeps a Market Perform rating on the shares. While the company saw better order intake in Q2, Ethan Allen continues to experience declines in traffic to its design centers and lower order intake, the analyst tells investors. Additionally, Q3 was challenging, but not as bad as anticipated, the firm adds