Azek Co. (AZEK) Management Meetings Highlight Strong Pricing Through 2022 Season - Jefferies

Jefferies analyst Philip Ng reiterated a Hold rating and $55.00 price target on Azek Co. (NYSE: AZEK) after hosting investor meetings with management where the levers to drive margin expansion were discussed.

The analyst stated "Supply remains very tight. While AZEK & TREX are adding ~70% capacity from 2019 over the next year, given the strong demand backdrop, mgmt doesn't see lead times returning to normal levels until the next decking season, and will need to run full out to serve existing demand, with channel inventories still down YOY."

For an analyst ratings summary and ratings history on Azek Co. click here. For more ratings news on Azek Co. click here.

Shares of Azek Co. closed at $41.22 yesterday.

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