Canaccord Genuity maintains a 'Buy' on Apogee Enterprises (APOG); More Signs of Recovery
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Price: $40.76 -2.16%
Rating Summary:
4 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 9 | Down: 12 | New: 19
Rating Summary:
4 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 9 | Down: 12 | New: 19
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Canaccord Genuity maintains a 'Buy' on Apogee Enterprises (NASDAQ: APOG), PT $17.
Canaccord analyst, Eric Prouty, says, "May quarter results were encouraging, in our view, as Apogee reported sequential increases in both architectural glass revenue and backlog. In addition, the company stated that pricing increases in arch. glass should begin to enhance results throughout the current fiscal year. Although near-term conditions within the nonresidential construction industry will remain challenging, we believe the recovery is progressing."
For more ratings news on Apogee Enterprises click here and for the rating history of Apogee Enterprises click here.
Shares of Apogee Enterprises closed at $12.55 yesterday.
Canaccord analyst, Eric Prouty, says, "May quarter results were encouraging, in our view, as Apogee reported sequential increases in both architectural glass revenue and backlog. In addition, the company stated that pricing increases in arch. glass should begin to enhance results throughout the current fiscal year. Although near-term conditions within the nonresidential construction industry will remain challenging, we believe the recovery is progressing."
For more ratings news on Apogee Enterprises click here and for the rating history of Apogee Enterprises click here.
Shares of Apogee Enterprises closed at $12.55 yesterday.
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