04:37 AM EDT, 05/09/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We cut our 12-month target by $41 to $162 on a forward P/E of 10.4x our 2026 EPS view of $15.61 (a cut of $2.06), in line with the historical five-year average, but lower than our previous 11.5x multiple on increased macroeconomic uncertainty. We cut our 2025 EPS view by $2.71 to $13.70. Q1 sales rose 25% Y/Y, driven by the newly acquired Doors business, which added $540M in revenue. Excluding this acquisition, sales fell 13% Y/Y. The demand environment remains mixed, with OC expecting repair markets to be solid, but continued weakness in new construction and remodeling. Despite near-term headwinds associated with tariffs and unfavorable new residential construction, driven by stubbornly high mortgage rates, we maintain our Buy rating. This is driven by our view that shares are trading at an unwarranted discount relative to historical averages given sales and EBIT expansion (even with current choppiness), and our positive medium- to long-term outlook on new residential given housing undersupply.