Apogee Enterprises downgraded to Buy from Conviction Buy at Goldman Goldman removed Apogee from the Conviction Buy List given weaker utilization rates and lower incremental profitability. Price target lowered to $37 from $43.
Apogee Enterprises sees FY15 EPS $1.35-$1.50, consensus $1.55 Sees FY15 sales up 15%-20%, consensus $880.57M. Reported FY14 revenue $771.4M. Sees FY15 gross margin 23%. Company says targeting $1B in revenue by end of FY16.