Azek price target lowered to $40 from $42 at B. Riley

B. Riley lowered the firm’s price target on Azek to $40 from $42 and keeps a Buy rating on the shares following the “strong” Q4 report. Demand for Azek’s deck, railing and accessories and exterior products remained resilient, complemented by continued material conversion, new products, and channel expansion, the analyst tells investors in a research note. The firm reduced net sales estimates to account for the Vycom sale.