Truist analyst Keith Hughes raised the firm’s price target on Azek (AZEK) to $57 from $52 and keeps a Buy rating on the shares. The company’s Q4 results were in-line but its Q1 was “very strong”, with sell-through having accelerated from some weak summer months and given the double digit gains recorded in October, the analyst tells investors in a research note. Azek’s execution and price points are driving growth above many peers in composite decking, and even more so above the “tepid” Building Products market as a whole, Truist added.
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Read More on AZEK:
- Azek price target raised to $50 from $46 at RBC Capital
- Azek price target raised to $50 from $44 at DA Davidson
- Azek price target raised to $51 from $49 at BMO Capital
- Azek price target raised to $54 from $52 at Baird
- AZEK Company Reports Strong Fiscal 2024 Results
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
