UPDATE: Imperial Capital Initiates Quanex Building Products at In-Line on Favorable Outlook
December 13, 2012 at 10:37 AM EST
Imperial Capital initiated coverage on Quanex Building Products (NYSE: NX ) with an In-Line rating and a $21 price target. Imperial Capital noted, "Residential construction market appears to have bottomed and is in the early stages of a growth phase. Quanex's revenues and earnings are closely tied to the