Interface price target raised to $14 from $10 at Truist

Truist analyst Keith Hughes raised the firm’s price target on Interface to $14 from $10 and keeps a Hold rating on the shares. The company’s Q4 results came in above expectations primarily on lower input costs, even when excluding charges and one-time items, the analyst tells investors in a research note. Interface is projecting flattish revenue in 2024 with continued weak retail sales but somewhat bullish commentary on the office market, the firm added.