Apogee Enterprises price target raised to $50 from $44 at DA Davidson

DA Davidson analyst Brent Thielman raised the firm’s price target on Apogee Enterprises to $50 from $44 but keeps a Neutral rating on the shares. The company’s initiatives to improve profitability and returns are very visible in the Framing and Glass segments, though the firm awaits more signs to come in Services, the analyst tells investors in a research note. . The construction economy continues to roll along, even though some areas of commercial real estate may be at more risk of softening over the next 12-18 months, the firm adds.