Apogee Enterprises price target lowered to $45 from $47 at DA Davidson

DA Davidson lowered the firm’s price target on Apogee Enterprises (APOG) to $45 from $47 and keeps a Neutral rating on the shares. The company is navigating some challenging market conditions in commercial, though it is also taking notable cost actions to address these challenges as well as positioning sales teams to capture business, the analyst tells investors in a research note. FY27 still feels a bit “foggy” amidst a higher interest rate environment and as owners continue to be cautious around certain sectors of the building infrastructure market, the firm added.