Apogee Enterprises (APOG)
by Zacks Equity ResearchAugust 08, 2012 | Comments : 0 Recommended this article: (0)
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Apogee is focused on increasing its exposure in the U.S. market, which will help top-line growth moving forward. It has increased its earnings guidance range and raised its quarterly dividend by 10% to $0.09 per share.
We have upgraded our long-term recommendation on the stock to Outperform from Neutral, which indicates that it will perform above the overall market. Our price target of $18 is based on 32.1x our fiscal 2013 earnings estimate.
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