Azek price target raised to $42 from $30 at B. Riley

B. Riley analyst Alex Rygiel raised the firm’s price target on Azek to $42 from $30 and keeps a Buy rating on the shares post the “strong” fiscal Q3 report. The company is benefiting from resilient residential demand for its deck, rail, and accessories and exterior products, new product introduction, and cost saving initiatives, the analyst tells investors in a research note. The analyst raised estimates and sees improving visibility for Azek.