UBS Maintains Buy on JELD-WEN Holding, Lowers Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
UBS analyst John Lovallo maintains a Buy rating on JELD-WEN Holding (JELD) but lowers the price target from $22 to $19.
May 08, 2024 | 1:36 pm
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UBS maintains a Buy rating on JELD-WEN Holding but lowers the price target from $22 to $19.
The reduction in price target by UBS, despite maintaining a Buy rating, suggests a reassessment of JELD-WEN Holding's future price potential. This could lead to mixed reactions in the short term, as the maintained Buy rating indicates continued confidence in the company's fundamentals, while the lowered price target may temper expectations for its stock price growth.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100