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Fly News Breaks for April 12, 2019
APOG
Apr 12, 2019 | 08:49 EDT
DA Davidson analyst Brent Thielman raised his price target on Apogee Enterprises to $35 to reflect the higher industry multiples as well as the company's "solid" balance sheet and continued free cash flow generation. The analyst is keeping his Neutral rating on Apogee however following its Q4 earnings miss and below-consensus FY20 guidance driven by "continued turmoil" from the legacy contracts inherited with the EFCO acquisition as well as the externally-driven challenges in the company's Glass segment.
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