Craig-Hallum Cuts Apogee Enterprises Price Target By ~9%

• Craig-Hallum analyst Eric Stine lowered the price target for Apogee Enterprises Inc (NASDAQ:APOG) to $43 (2.7% upside) from $47 while maintaining the Hold rating on the shares.
• The analyst noted the company had a good start to FY23, with Q1 surpassing expectations.
• Stine expressed optimism about Apogee's operational progress.
• Meanwhile, the analyst specified that certain market headwinds and uncertainties should be monitored, as they could mean that the current strong non-residential building market backdrop is not sustainable.
• Price Action: APOG shares are trading higher by 4.40% at $41.72 on the last check Friday.