By Christiana Sciaudone
- Lumber Liquidators (NYSE:LL) shares jumped 19% after getting an upgrade and amid strong new home sales.
Shares are trading at their highest in more than two years.
The company was upgraded to buy from hold by Loop Capital, which also bumped up its price target to $18 from $11, Briefing.com reported.
Additionally, a survey by John Burns Real Estate Consulting showed that new home sales in June jumped 55%, CNBC reported.
Last week, Taylor Morrison (NYSE:TMHC) reported that June was its best sales month in company history, with a 94% increase in net sales orders year-over-year.
