Barclays Maintains Underweight on Trex Co, Raises Price Target to $93
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Matthew Bouley maintains an Underweight rating on Trex Co (NYSE:TREX) and raises the price target from $86 to $93.

April 04, 2024 | 2:41 pm
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NEUTRAL IMPACT
Barclays maintains an Underweight rating on Trex Co but raises the price target from $86 to $93.
While the Underweight rating suggests a cautious outlook on Trex Co's stock, the increase in price target from $86 to $93 indicates a slightly more optimistic view on the company's valuation. This mixed signal could lead to neutral short-term price movement as investors digest both the continued caution and the increased valuation estimate.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100