Craig-Hallum Downgrades Apogee Enterprises Post Q4 Results


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  • Apogee Enterprises Inc (NASDAQ:APOG) has been downgraded to Hold from Buy, and the price target lowered to $47 from $54 by Craig-Hallum analyst Eric Stine.
  • According to the analyst, Apogee used to trade at a significant discount to building materials comps but now trades substantially in-line.
  • Related: Apogee Enterprises Q4 Results Surpass Estimates, Provides FY23 Guidance
  • Stine says he is stepping to the sidelines amid the current valuation, headwinds, and uncertainty about the potential impact of higher interest rates on projects.
  • Price Action: APOG shares are trading higher by 0.02% at $45.12 on the last check Friday.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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Posted In: Analyst ColorNewsDowngradesPrice TargetSmall CapAnalyst RatingsBriefs