Truist Securities Maintains Buy on Trex Co, Raises Price Target to $120
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Keith Hughes has maintained a Buy rating on Trex Co (NYSE:TREX) and increased the price target from $70 to $120.
February 27, 2024 | 2:04 pm
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POSITIVE IMPACT
Truist Securities has reaffirmed its Buy rating on Trex Co and raised the price target from $70 to $120.
The increase in the price target by a reputable analyst like Keith Hughes signals a strong confidence in Trex Co's future performance. This endorsement is likely to positively influence investor sentiment and could lead to a short-term increase in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100