As previously reported, Sidoti upgraded Apogee Enterprises (APOG) to Buy from Neutral with a $70 price target Shares are down 40% off a November peak and last closed at their lowest level in about a year, notes the analyst, who see this drop creating “a compelling entry point.” In addition to valuation, the firm cites its view that management “has built a better operational floor for the company.”
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Read More on APOG:
- Apogee (APOG) Drops and Could Present a Buy-on-the-Dip Opportunity
- Apogee Enterprises upgraded to Buy from Neutral at Sidoti
- Apogee Enterprises raises quarterly cash dividend 4% to 26c per share
- Apogee Enterprises price target lowered to $62 from $75 at DA Davidson
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