Truist analyst Keith Hughes lowered the firm’s price target on PGT Innovations to $42 from $43 and keeps a Hold rating on the shares. The firm cites the company having accepted the Miter Brands acquisition proposal and does not anticipate any other bidders, with the deal expected to close mid-year, the analyst tells investors in a research note.
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Read More on PGTI:
- PGT Innovations downgraded to Hold from Buy at Truist
- Masonite sees PGT Innovations deal adding ‘meaningful’ accretion to EPS
- Masonite sees closing PGT Innovations deal in the middle of 2024
- M & A News: PGT Innovations (NYSE:PGTI) Jumps on Sweetened Offer from Miter Brands
- PGT Innovations up 4% at $41.75 following Miter Brands takeover proposal