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.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.