Wolfe Research Initiates Coverage On Trex Co with Peer Perform Rating
Portfolio Pulse from Benzinga Newsdesk
Wolfe Research analyst Truman Patterson has initiated coverage on Trex Co (NYSE:TREX), a manufacturer of wood-alternative decking products, with a Peer Perform rating. This rating suggests that Trex Co's stock performance is expected to be in line with the stocks of its industry peers.
December 12, 2023 | 1:26 pm
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Wolfe Research analyst Truman Patterson has initiated coverage on Trex Co with a Peer Perform rating, indicating an expectation of average performance relative to its peers.
The initiation of coverage by Wolfe Research with a Peer Perform rating typically does not suggest a significant change in stock price, as it indicates that the stock is expected to perform on par with its peers. However, the new coverage may bring some additional investor attention to the stock.
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RELEVANCE 100