Jeld-Wen price target lowered to $7 from $11 at Truist

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.