Citigroup Initiates Coverage On Trex Co with Neutral Rating, Announces Price Target of $72
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Anthony Pettinari has initiated coverage on Trex Co (NYSE:TREX) with a Neutral rating and a price target of $72.
August 25, 2023 | 2:15 pm
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NEUTRAL IMPACT
Citigroup has initiated coverage on Trex Co with a Neutral rating and a price target of $72.
The initiation of coverage by Citigroup with a Neutral rating indicates that the bank sees the stock as fairly valued at current levels. The price target of $72 provides a reference point for investors, but does not necessarily suggest significant upside or downside. This could lead to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100