Stifel Maintains Buy on Trex Co, Raises Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Stanley Elliott has reaffirmed a Buy rating on Trex Co (NYSE:TREX) and increased the price target from $82 to $90, indicating a positive outlook on the company's stock.
December 19, 2023 | 3:57 pm
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POSITIVE IMPACT
Stifel analyst Stanley Elliott maintains a Buy rating on Trex Co and raises the price target to $90, suggesting confidence in the company's future performance.
The increase in price target by a reputable analyst typically signals a bullish outlook on the stock, which can positively influence investor sentiment and potentially lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100