Jefferies Raises JELD-WEN's Price Target, Shares Jump 2.6%

JELD-WEN (JELD) shares jumped 2.6% after analyst Philip Ng raised the price target to $2.60 from $2.25, despite keeping the "Hold" rating. The company's volatile shares have had 43 moves greater than 5% over the last year, but this news is seen as meaningful but not a fundamental change in perception of the business. JELD-WEN is down 65.3% this year and trading 72.7% below its 52-week high.