DA Davidson Upgrades Apogee Enterprises (APOG) to Buy; Risk-Return Potential Too Compelling

DA Davidson upgraded Apogee Enterprises (NASDAQ: APOG) from Neutral to Buy with a price target of $10.50.

DA analyst says, "Broader economic concerns have led to significant pressure in Apogee’s shares, down 37% since the end of May and 11% since reporting fiscal second quarter results on September 15th. At current levels we believe these shares offer attractive risk-return potential. We are encouraged by recent inroads in growing backlog and evidence of improvement in financials amidst a still challenging commercial building climate."

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 $8.09 yesterday.

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