Azek price target raised to $49 from $43 at RBC Capital

RBC Capital analyst Mike Dahl raised the firm’s price target on Azek to $49 from $43 and keeps an Outperform rating on the shares. The company reported a “solid” Q1 earnings beat and looks to be well-positioned to beat its initial guide as the year progressed, the analyst tells investors in a research note. RBC adds that the firm remains positive on Azek’s long-term growth story and margin opportunity.