BMO Capital Maintains Outperform Rating for AZEK Co: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
BMO Capital has reaffirmed its Outperform rating on AZEK Co (NYSE:AZEK) and increased its price target from $37.00 to $39.00. AZEK's shares have risen 3.02% in the last 24 hours to $34.44. The new price target suggests a potential upside of 13.24%. AZEK Co is a manufacturer of sustainable outdoor living products, with the majority of its revenue coming from the Residential segment.
November 30, 2023 | 5:00 pm
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BMO Capital maintains Outperform rating on AZEK Co and raises price target to $39, indicating a potential 13.24% upside from the current price.
The reaffirmation of the Outperform rating and the increase in price target by BMO Capital are strong positive signals for investors, suggesting confidence in AZEK's business and growth potential. The recent 3.02% rise in share price reflects market optimism, which may continue short term towards the new target.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100