Interface price target raised to $36 from $32 at Barrington

Barrington raised the firm’s price target on Interface (TILE) to $36 from $32 and keeps an Outperform rating on the shares ahead of the Q4 report on February 24. Interface ended Q3 with backlog up 17% year-to-date, which positions the company well to deliver sales growth in Q4, the analyst tells investors in a research note. The firm sees an attractive valuation at current share levels given its expectations for continued growth and expanding margins.