Goldman Sachs Initiates Coverage On Trex Co with Buy Rating, Announces Price Target of $78
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Susan Maklari has initiated coverage on Trex Co (NYSE:TREX) with a Buy rating and a price target of $78.
October 03, 2023 | 10:34 am
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Goldman Sachs has initiated coverage on Trex Co with a Buy rating and a price target of $78, which could potentially drive the stock price up.
Analyst ratings and price targets can significantly influence the stock price. A Buy rating from a reputable institution like Goldman Sachs indicates a positive outlook for the company, which could attract more investors and drive the stock price up. The price target of $78 also suggests that the analyst sees potential for the stock price to increase.
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