Wolfe Research initiated coverage of Azek with an Outperform rating and $43 price target. The analyst expects Azek’s EBITDA growth and EBITDA Margin expansion to significantly outperform peers over the next several years. Meanwhile, the company trades at a discount to its historical average multiples, the analyst tells investors in a research note. The firm says Azek offers investors a “unique margin expansion story while also delivering supercharged growth” via outdoor living tailwinds.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on AZEK: