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Upgrade Alert for Haverty Furniture (HVT)

By Nick Russo

Haverty Furniture (NYSE:HVT) was upgraded from Outperform to Strong Buy at Raymond James today. The stock closed yesterday at $20.07 on volume of 387,000 shares, above average daily volume of 67,000.

Haverty Furniture has overhead space with shares priced $20.07, or 22.8% below the average consensus analyst price target of $26.00. The stock should hit resistance at its 200-day moving average (MA) of $21.47, as well as support at its 50-day MA of $19.82.

Haverty Furniture share prices have moved between a 52-week high of $24.54 and a 52-week low of $16.65 and closed yesterday at 21% above that low price at $20.07 per share. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 0.4%.

Haverty Furniture Companies, Inc. sells home furnishings. The Company stores are located in southern and central United States. Haverty's offers brand name furniture, such as Broyhill, Thomasville, Lane/Action, La-Z-Boy, and Clayton Marcus.

SmarTrend is tracking the current trend status for Haverty Furniture and will alert subscribers who have HVT in their portfolio or watchlist when shares have changed trend direction.

Keywords: analyst upgrades/downgrades haverty furniture

Ticker(s): HVT