Jeld-Wen price target lowered to $7 from $11 at Truist

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.