RBC Capital analyst Mike Dahl lowered the firm’s price target on Jeld-Wen (JELD) to $8 from $9 and keeps an Underperform rating on the shares. The firm is updating its model to reflect the sale of Towanda, noting that it sees further meaningful downside potential to the stock, the analyst tells investors in a research note. The loss of Jeld-Wen’s largest and most profitable door asset is likely to fuel additional competition over time, RBC added.
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- Jeld-Wen price target lowered to $9 from $13 at RBC Capital
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