Truist lowered the firm’s price target on Jeld-Wen (JELD) to $7 from $11 and keeps a Hold rating on the shares following Q4 results. The firm noted that guidance, especially for Q1, was well below consensus. Truist added that volume and mix continued to decelerate as end markets remained “weak”. Customer pruning and negative price/cost could offset significant cost savings planned for 2025, the firm contended in a research note to investors.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on JELD:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue