Jeld-Wen price target lowered to $4 from $8 at Loop Capital

Loop Capital analyst Jeffrey Stevenson lowered the firm’s price target on Jeld-Wen (JELD) to $4 from $8 and keeps a Hold rating on the shares. The company reported an in-line quarter and pulled its FY25 guidance due to multiple reasons, with double-digit volume/mix declines in both North America and Europe in Q1 and continued significant short-term volatility, the analyst tells investors in a research note. In addition, tariffs have introduced an additional planning uncertainty into the already challenging market given potential demand destruction, volatility in tariff rates, etc, the firm adds.