Loop Capital raised the firm's price target on Azek (AZEK) to $53 from $49 and keeps a Hold rating on the shares as part of a broader research note on Decking. The firm notes that its survey reported a stable sequential demand environment and modest improvement in 2025 sales expectations, with survey respondents reporting that composite decking sales increased 2%-3% y/y on average in Q4 at the contractor level, which was stable sequentially with its Q3 survey. Loops adds that its survey also showed a sequential improvement in high end composite decking sales in the December quarter, which was encouraging given that its Q3 survey reported the slowdown in demand was becoming more broad-based. The firm further notes that it is encouraged by the modest improvement 2025 sales expectations, which could lead to upside to its estimates if sell through demand fundamentals remain positive.