Azek price target raised to $50 from $44 at DA Davidson

DA Davidson raised the firm’s price target on Azek (AZEK) to $50 from $44 and keeps a Neutral rating on the shares. The company’s Q4 results were “strong”, with sales coming in modestly above the high-end of the outlook and EBITDA at the high-end, the analyst tells investors in a research note. The company’s initial FY25 outlook also bracketed consensus, underpinned by a potentially conservative R&R- Repair & Remodeling – assumption, though the firm is positive on Azek’s upside potential to numbers as the year unfolds amid sustained market and category outperformance, DA Davidson added.