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Apogee Enterprises slides on downgrade to 'Sell'

Post Time:Mar 11,2009Classify:Industry NewsView:121

Shares of Apogee Enterprises Inc. diverged from the broader markets' rush upward, dropping by more than 3 percent after an analyst said the slowdown in commercial construction would weigh on the glass products maker.

Piper Jaffray analyst Michael Cox downgraded the Minneapolis-based company to 'Sell' from 'Neutral' and cut his 12-month price target on the stock by 45 percent to $6, according to a March 10AP report on Forbes.com.

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Source: http://www.glassmagazine.com/news-item/commercial/apogee-enterprises-slides-downgrade-sellAuthor:

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