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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on JELD: