Jefferies Maintains Hold on Trex Co, Raises Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Philip Ng maintains a Hold rating on Trex Co (NYSE:TREX) and raises the price target from $59 to $70.
July 13, 2023 | 3:47 pm
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Jefferies analyst Philip Ng maintains a Hold rating on Trex Co and raises the price target from $59 to $70.
The news is directly related to Trex Co. The Hold rating indicates that the analyst believes the company's stock will perform approximately in line with the market in the near future. The increase in price target from $59 to $70 suggests that the analyst sees potential for the stock's price to increase, but this is not a strong buy signal.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100