Apogee Enterprises slides on downgrade to 'Sell'

Forbes.com
March 11, 2009
COMMERCIAL, FABRICATION : BUSINESS

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 10 AP report on Forbes.com.

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