Azek price target raised to $52 from $45 at DA Davidson

DA Davidson raised the firm’s price target on Azek to $52 from $45 and keeps a Buy rating on the shares. The firm cites the company’s Q1 outperformance relative to estimates, and while the initial full-year outlook was widely viewed as conservative, the confidence for the management to raise the outlook in a material way with key seasonal demand still ahead is encouraging, the analyst tells investors in a research note.