Benchmark starts Kimball International at Buy, sees exposure in ‘right’ markets

As previously reported, Benchmark analyst Reuben Garner initiated coverage of Kimball International with a Buy rating and $12 price target. While the commercial furnishings business faces a challenging broader macro environment, Kimball is positioned with exposure to "the right portions of the market" in terms of product type, geographic mix and end markets, Garner tells investors. Kimball, which has emerged from the pandemic a "more effective and soon-to-be profitable organization," remains underfollowed, the analyst added.