Truist analyst Keith Hughes lowered the firm’s price target on Jeld-Wen (JELD) to $7 from $11 and keeps a Hold rating on the shares after its Q4 results and below-consensus guidance. Volume and mix continued to decelerate as end markets remained weak, while customer pruning and negative price/cost could offset significant cost savings planned for 2025, the analyst tells investors in a research note.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on JELD: