Credit Suisse Maintains Underperform on Trex Co, Raises Price Target to $58
Portfolio Pulse from richadhand@benzinga.com
Credit Suisse analyst Dan Oppenheim maintains an 'Underperform' rating on Trex Co (NYSE:TREX) and raises the price target from $47 to $58.
August 04, 2023 | 11:09 am
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Credit Suisse maintains an 'Underperform' rating on Trex Co, but raises the price target from $47 to $58.
The 'Underperform' rating suggests that Credit Suisse expects Trex Co's stock to do worse than the market average. However, the raised price target indicates a higher valuation for the company, which could potentially attract investors. The net impact is likely to be negative in the short term due to the 'Underperform' rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100