JP Morgan Maintains Neutral on Trex Co, Raises Price Target to $93
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Michael Rehaut maintains a Neutral rating on Trex Co (NYSE:TREX) and raises the price target from $79 to $93.
March 01, 2024 | 3:58 pm
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JP Morgan analyst Michael Rehaut maintains a Neutral rating on Trex Co but raises the price target from $79 to $93.
The increase in the price target from $79 to $93 by a reputable analyst suggests a positive outlook on the stock's value, potentially leading to short-term price appreciation. However, the Neutral rating indicates that the analyst sees the stock as fairly valued at its current price, balancing the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100