Citi analyst Anthony Pettinari upgraded Azek (AZEK) to Buy from Neutral with a price target of $60, up from $51. The firm cites is its above-consensus 2025 estimates, and attractive relative valuation, expectations for continued share gains, opportunities in product adjacencies, and a positive view on secular growth tailwinds in composite decking for the upgrade. Citi expects Azek’s sales and margin growth to outperform Trex (TREX) in 2025, while consensus estimatesimply the two producers grow roughly in-line with each other.
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