Goldman Sachs raised the firm’s price target on Jeld-Wen to $12 from $11 but keeps a Neutral rating on the shares. The analyst is "cautiously optimistic" following the company’s Q4 earnings call, though Goldman Sachs also prefers to have greater evidence of success around Jeld-Wen’s efforts on cost reductions, productivity enhancements, and a shift to higher-value products.
Published first on TheFly
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Read More on JELD:
- Jeld-Wen rises 16.5%
- Jeld-Wen rises 14.1%
- Jeld-Wen sees FY23 revenue $4.5B-$4.9B, consensus $4.67B
- Jeld-Wen reports Q4 adjusted EPS 47c, consensus 25c
- JELD-WEN Reports Fourth Quarter Results and Establishes 2023 Guidance
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