Craig-Hallum raised the firm’s price target on MillerKnoll to $25 from $20 and keeps a Hold rating on the shares. The firm notes MillerKnoll continues to execute well in a difficult environment for makers of high-end office furniture. The company reported better than expected revenue, adjusted EPS, and EBITDA for Q1, with revenue towards the high end of the company’s prior guidance and EPS that was above the high end of the range.
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- MillerKnoll (NASDAQ: MLKN) Surges After Raising FY24 Outlook
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- MillerKnoll sees FY24 adjusted EPS $1.85-$2.15, consensus $1.83
- MillerKnoll sees Q2 ajusted EPS 52c-58c, consensus 51c
