Jeld-Wen price target lowered to $14 from $17 at B. Riley

B. Riley analyst Alex Rygiel lowered the firm’s price target on Jeld-Wen (JELD) to $14 from $17 and keeps a Neutral rating on the shares. The company’s Q3 results were below expectations due to softer than expected demand and mix, and guidance was lowered for 2024 due to lower expected volume, the analyst tells investors in a research note.