UPDATE: Wedbush Initiates Quanex Building Products with Outperform Rating, $21 PT on Continued Recovery
June 20, 2013 at 12:32 PM EDT
In a report published Thursday, Wedbush analyst Al Kaschalk initiated coverage on Quanex Building Products Corporation (NYSE: NX ) with an Outperform rating and $21.00 price target. In the report, Wedbush noted, “NX is cyclical play on the North American fenestration market given the recovery underway in the residential construction