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Fly News Breaks for August 24, 2017
APOG
Aug 24, 2017 | 08:24 EDT
DA Davidson analyst Brent Thielman says that the reduction in Apogee's fiscal 2018 guidance "raises concerns" about its "M&A and mid-size glass market penetration strategies." However, the analyst thinks that the weakness in the stock was overdone, and he remains upbeat on the company's fiscal 2019 outlook. The analyst cut his price target on the stock to $52 from $65 but keeps a Buy rating on the shares.
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