UPDATE: Credit Suisse Initiates PGT Industries at Neutral on Multiple Positive Factors
In a report published Tuesday, Credit Suisse analyst Michael Dahl initiated coverage on PGT Industries (NASDAQ: PGTI) with a Neutral rating and $10.00 price target.
In the report, Credit Suisse noted, “We are initiating coverage of PGTI with a Neutral rating and $10 target price. We see positives in PGT's leverage to the Florida housing recovery, leading position in the high-margin impact-resistant windows and doors market, and likelihood of greater impact-resistant penetration in coming years, offset by its premium valuation, geographic concentration, and limited size/liquidity. We expect EPS of $0.40 in 2013, $0.46 in 2014, and $0.60 in 2015.”
PGT Industries closed on Monday at $9.97.
Latest Ratings for PGTI
|Jun 2015||SunTrust Robinson Humphrey||Upgrades||Neutral||Buy|
|May 2015||Deutsche Bank||Maintains||Hold|
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.