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Fly News Breaks for October 26, 2015
PGTI
Oct 26, 2015 | 09:10 EDT
Dougherty downgraded PGT to Neutral to reflect increased near-term risk to Q4 guidance. Analyst Jeremy Hamblin said recent distributor checks indicate the repair and remodel segment has slowed since September, the company is running an incremental 7 week rebate program that could hurt Q4 margins, and checks suggest production issues with its new vinyl line resulting in lengthening lead times and slowing orders.
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