BMO Capital raised the firm’s price target on Azek (AZEK) to $57 from $54 and keeps a Market Perform rating on the shares. The company’s acquisition by James Hardie (JHX) is very good from an Azek shareholder perspective, and the firm does not expect any regulatory hurdles, 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>>
Read More on AZEK:
- Truist recommends buying James Hardie on weakness after Azek deal
- James Hardie’s Acquisition of AZEK: A Strategic Move with Significant Premium and Growth Potential
- Hold Rating Maintained Amid AZEK Acquisition by James Hardie: Cost and Sales Synergies Expected
- Azek downgraded to Equal Weight from Overweight at Stephens
- Hold Rating on James Hardie’s Acquisition of AZEK: Strategic Alignment with Limited Premium