Barclays raised the firm’s price target on Jeld-Wen to $16 from $15 and keeps an Equal Weight rating on the shares. The company reported strong Q3 results with visible cost reduction efforts mitigating impact of softer volumes, the analyst tells investors in a research note.
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Read More on JELD:
- 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
- Jeld-Wen price target lowered to $14 from $17 at Truist
