Azek price target raised to $38 from $36 at Stifel

Stifel raised the firm’s price target on Azek to $38 from $36 and keeps a Buy rating on the shares after the company reported fiscal Q4 net sales and adjusted EBITDA ahead of expectations. Azek expects its residential segment will grow 3%-8% as sell-through significantly outpaces R&R and the firm thinks this expected growth is “impressive in an uncertain macro environment,” the analyst tells investors.