JELD-WEN (JELD) PT Raised to $24 at Barclays Following 4Q

Barclays analyst Matthew Bouley raised the price target on JELD-WEN (NYSE: JELD) to $24.00 (from $20.00) while maintaining a Overweight rating following the company's 4Q earnings report. The results demonstrated improved execution under new management, on-track cost savings efforts, and potentially conservative 2019 guidance.

Barclays now forecasts ‘19/’20 EBITDA of $487 mn / $522 mn vs. prior $495 mn ⁄ $542 mn. EPS is now estimated at $1.82⁄$2.36 vs. prior $1.94⁄$2.59 estimates.‘19/’20 revenue estimates are now $4.45⁄$4.51 bn vs. $4.51⁄$4.58 bn prior.

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