B. Riley lowered the firm’s price target on Jeld-Wen to $17 from $19 and keeps a Neutral rating on the shares. The company’s Q3 results were ahead of our estimates as lower volumes were more than offset by price realization, cost reductions, and productivity improvements, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on JELD:
- Jeld-Wen price target raised to $16 from $15 at Barclays
- Jeld-Wen narrow FY23 revenue view to $4.25B-$4.35B from $4.2B-$4.4B
- Jeld-Wen reports Q3 adjusted EPS 53c with items, consensus 34c
- JELD-WEN Reports Third Quarter 2023 Results and Updates Full-Year Guidance
- JELD-WEN (JELD) Q3 Earnings Cheat Sheet
