Azek price target raised to $46 from $39 at BMO Capital

BMO Capital raised the firm’s price target on Azek to $46 from $39 and keeps an Outperform rating on the shares. The company’s Q1 earnings beat saw healthy demand, shelf space wins, and inventories at 20% below historical averages, creating an encouraging set-up heading into the spring construction season, the analyst tells investors in a research note.