Jeld-Wen price target raised to $19 from $15 at Truist

Truist raised the firm’s price target on Jeld-Wen to $19 from $15 and keeps a Hold rating on the shares. The stock fell after earnings despte EBITDA results beating expectations and EBITDA guidance coming in-line as investors had hoped for strategic actions in the lower-margin Europe business, the analyst tells investors in a research note. Truist is raising its FY24 EBITDA outlook to $410M from $385M however.