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
|Aug 2014||SunTrust Robinson Humphrey||Initiates Coverage on||Neutral|
|Jul 2014||Raymond James||Maintains||Strong Buy|
|May 2014||Credit Suisse||Maintains||Outperform|
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