Jeld-Wen price target raised to $5.25 from $3.75 at Jefferies

Jefferies raised the firm’s price target on Jeld-Wen (JELD) to $5.25 from $3.75 and keeps a Hold rating on the shares. While “encouraged” to see productivity improve in Q2 and management take action to counter the sharp decline in volumes, the firm notes that leverage remains high and that the company expects price/cost to remain negative, though the rate of decline should moderate in the second half.