Quanex (NX) Tops Q3 EPS by 1c

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Imperial Capital Cuts Price Target on Quanex (NX) to $22.50 Following 3Q

September 7, 2016 1:50 PM EDT

Imperial Capital maintained an Outperform rating on Quanex Building Products (NYSE: NX), and cut the price target to $22.50 (from $25.00), following a review of the company's 3Q. Revenue exceeded estimates by a $0.5mn, and increased 37.7% year-over-year. Adjusted EBITDA of $33.1mn was also below estimates, with... More