Azek Co. (AZEK) PT Lowered to $54 at Baird

Baird analyst Timothy Wojs lowered the price target on Azek Co. (NYSE: AZEK) to $54.00 (from $58.00) while maintaining a Outperform rating.

The analyst commented: "We remain long-term buyers and while more mixed near-term demand could create an overhang, we see several levers for continued revenue growth and margin expansion, including share gains, new products, recycled mix, and product reconfiguration. Shares back to ~15-16X C2025E EBITDA, with risk/reward attractive ($34-68) on an NTM basis given growth/margin levers."

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