PGT Innovations (PGTI) PT Lowered to $18 at SunTrust Following 4Q

SunTrust analyst Keith Hughes lowered the price target on PGT Innovations (NYSE: PGTI) to $18.00 (from $29.00) while maintaining a Buy rating following the company's 4Q earnings report. PGTI reported adjusted 4Q18 EPS of $0.21, above the Street consensus of $0.20. The company reported revenue of $189.9 million, above the Street consensus of $173.4 million.

Management provided 2019 sales guidance of $775-$800 million, below the Street consensus of $810.6 million. Management anticipates 2019 EPS of $0.93-$1.05, below the Street consensus of $1.27.

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