Lumber Liquidators Downgraded To Equal Weight By Morgan Stanley
March 02, 2015 at 10:10 AM EST
Lumber Liquidators Holdings Inc. was cut to equal weight from overweight by Morgan Stanley analyst Simeon Gutman on Monday after a "60 Minutes" report alleged that the U.S. hardwood flooring retailer sells Chinese-made laminate flooring that has a much higher-than-accepted level of formaldehyde, a chemical known to cause cancer.
