Ply Gem reports Q4 EPS (26c), consensus (22c) Reports Q4 revenue $332.9M, consensus $333.36M. The company said, "Our organic sales were relatively stable for Q4 despite all of our businesses experiencing a decline in demand during the last five weeks of the year. We believe the decrease in demand was largely driven by severe winter weather and a pull-back in the new construction housing market."
Ply Gem upgraded to Buy from Hold at Deutsche Bank Deutsche Bank upgraded Ply Gem to Buy citing increasing housing demand, low expectations and the company's fundamental turnaround. Deutsche raised its price target for shares to $16 from $12.