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Fly News Breaks for December 20, 2019
Dec 20, 2019 | 09:09 EDT
DA Davidson analyst Brent Thielman lowered his price target on Apogee Enterprises to $35 and kept his Neutral rating after its Q3 earnings miss that was driven by customer delays, competitive pressure, and operating inefficiencies. The analyst notes that while the company's backlog "grew solidly" by 19%, implying market strength, he prefers to gain greater confidence in its ability to generate segment profitability before turning more constructive on the stock.
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