B. Riley Securities Maintains Buy on AZEK Co, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Alex Rygiel has maintained a Buy rating on AZEK Co (NYSE:AZEK) but reduced the price target from $42 to $40.

November 29, 2023 | 2:04 pm
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NEUTRAL IMPACT
B. Riley Securities reaffirms a Buy rating on AZEK Co but decreases the price target to $40, indicating a positive outlook with a slightly reduced growth expectation.
The maintenance of a Buy rating suggests that B. Riley Securities still sees AZEK Co as a good investment opportunity. However, the reduction in the price target could imply a more conservative view on the company's growth prospects or a response to market conditions. This news is likely to be seen as mildly positive by investors, as the endorsement of the stock remains, but the price target adjustment may temper expectations slightly.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100