Azek price target raised to $40 from $35 at Truist

Truist raised the firm’s price target on Azek to $40 from $35 and keeps a Buy rating on the shares. The company’s Q4 beat on revenue and margins as Azek remains one of the few Building Product names growing, even adjusting for inventory reductions last year, the analyst tells investors in a research note. Azek management has taken a “conservative stance” on the remodel market given recent weakness, but the firm would be “buyers of any weakness on the guide”, Truist added.