B. Riley analyst Alex Rygiel raised the firm’s price target on Jeld-Wen to $14 from $12 and keeps a Neutral rating on the shares post the Q4 beat. The analyst wants to see evidence that cost controls can offset the expected decline in core revenue before recommending the shares.
Published first on TheFly
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Read More on JELD:
- Jeld-Wen price target raised to $12 from $11 at Goldman Sachs
- 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
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