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Fly News Breaks for January 11, 2019
JELD
Jan 11, 2019 | 07:29 EDT
As previously reported, RBC Capital analyst Mike Dahl downgraded Jeld-Wen to Sector Perform and lowered his price target to $18 from $21. The analyst cites a more muted outlook for the company's end market growth along with rising cycle concerns going forward. Dahl further points to a softening in the construction sector, where Jeld-Wen sales exposure is 23% of the total, along with weakness in the international markets.
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