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Benzinga
Benzinga
Business
Akanksha Bakshi

Craig-Hallum Cuts Apogee Enterprises Price Target By ~9%

APOG Apogee Apogee Enterprises Inc Nasdaq
  • Craig-Hallum analyst Eric Stine lowered the price target for Apogee Enterprises Inc (NASDAQ:APOG) to $43 (2.7% upside) from $47 while maintaining the Hold rating on the shares.
  • The analyst noted the company had a good start to FY23, with Q1 surpassing expectations.
  • Stine expressed optimism about Apogee's operational progress.
  • Meanwhile, the analyst specified that certain market headwinds and uncertainties should be monitored, as they could mean that the current strong non-residential building market backdrop is not sustainable.
  • Price Action: APOG shares are trading higher by 4.40% at $41.72 on the last check Friday.
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