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Steelcase, Inc. engages in the provision of furnishing solutions; and architecture, furniture, and technology products. It operates through following segments: Americas, EMEA, and Others. Read More The Americas segment serves customers in the United States (U.S.), Canada, the Caribbean Islands, and Latin America. The EMEA segment serves customers in Europe, the Middle East and Africa primarily under the Steelcase and Coalesse brands. The Other segment includes Asia Pacific, Designtex, and PolyVision. The company was founded by Peter Martin Wege, Sr., Walter D. Idema, and David Hunting, Sr. on March 14, 1912 and is headquartered in Grand Rapids, MI.
Grand Rapids, Michigan
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Seeking AlphaMar 21
Steelcase a Strong Buy after yesterday's 'puzzling' drop, Raymond James says
Steelcase (SCS +1.2% ) is upgraded to Strong Buy from Outperform with a $21 price target, up from $20, at Raymond James following yesterday's "puzzling" 14% drop after Q4 earnings came in ahead of expectations.
Yahoo FinanceMar 21
Raymond James: Steelcase A Strong Buy After Wednesday's 'Puzzling' Decline
Office furniture maker Steelcase Inc. (NYSE: SCS) reported fourth-quarter results Tuesday that prompted a "puzzling" 14-percent decline in the stock Wednesday, according to Raymond James. The Analyst Raymond James' Budd Bugatch upgraded Steelcase from Outperform to Strong Buy with a price target lifted from $20 to $21. The Thesis Steelcase's fourth-quarter report came in ahead of expectations, and other metrics were strong, Bugatch said in the Thursday upgrade note. They include: Mid-teen organic reve...
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