Noble Capital Starts Steelcase (SCS) at Outperform

Noble Capital analyst Joe Gomes initiates coverage on Steelcase (NYSE: SCS) with a Outperform rating and a price target of $16.00.

The analyst comments "We are initiating research coverage of Steelcase Inc. with an Outperform rating and a $16 price target. Already the global leader in the office furniture marketplace, we believe there is a substantial opportunity to capture additional wallet share. The Company's research driven approach is a competitive differentiator, in our view."

For an analyst ratings summary and ratings history on Steelcase click here. For more ratings news on Steelcase click here.

Shares of Steelcase closed at $12.78 yesterday.

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