La-Z-Boy upgraded to Overweight from Sector Weight at KeyBanc

KeyBanc analyst Bradley Thomas upgraded La-Z-Boy (LZB) to Overweight from Sector Weight with a $46 price target The firm sees a buying opportunity for “patient investors” into this “high-quality businesses” following the recent share pullback. La-Z-Boy offers “significant upside potential” over a two- to three-year time horizon, and investors should add positions, the analyst tells investors in a research note. KeyBanc believes the company is well positioned to navigate the near-term headwinds from recently enacted tariffs. It thinks La-Z-Boy will benefit from tax policy changes, and eventually a recovery in housing and home-related spending.