tiprankstipranks

Jeld-Wen price target lowered to $19 from $22 at UBS

UBS lowered the firm’s price target on Jeld-Wen to $19 from $22 but keeps a Buy rating on the shares after its Q1 results and guidance cut. Despite a more challenging than expected 2024 financial outlook, today’s stock reaction is overdone as the management continues to take decisive actions to improve the company’s competitive positioning, the analyst tells investors in a research note. UBS adds that the results of these measures are becoming increasingly apparent in margins, despite a challenging volume/mix backdrop.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue