Zacks Initiates Coverage of Nova LifeStyle With Neutral Recommendation

Zacks Investment Research has recently initiated coverage of Nova LifeStyle, Inc. (NVFY) , assigning a "Neutral" recommendation to the company's shares. This assessment comes amid a mixed outlook for the company, which has been making notable strides in the contemporary furniture space despite industry challenges.NVFY, based in California, designs and markets contemporary residential and commercial furniture. It operates via various subsidiaries, including Nova Furniture and Diamond Bar Outdoors.In the firs ...