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Fly News Breaks for November 6, 2015
PGTI
Nov 6, 2015 | 07:44 EDT
After PGT reported lower than expected EPS and provided lower than expected Q4 sales guidance, RBC Capital thinks the 15% decline in the stock reflects legitimate investor concerns. However, after speaking with the company's management, the firm thinks that its execution issues could be fully resolved by the end of the year. RBC believes that the company has solid long-term growth prospects. It cut its price target on the name to $12 from $16 but keeps an Outperform rating.