JP Morgan Upgrades Trex Co to Neutral, Raises Price Target to $79
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Michael Rehaut has upgraded Trex Co (NYSE:TREX) from Underweight to Neutral and increased the price target from $62 to $79.

December 14, 2023 | 11:42 am
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POSITIVE IMPACT
Trex Co was upgraded by JP Morgan from Underweight to Neutral, with a price target increase from $62 to $79.
Upgrades by major analysts like JP Morgan can lead to increased investor confidence and potential stock price appreciation in the short term. The raised price target suggests a more positive outlook on the company's valuation, which may influence market sentiment positively.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100