Loop Capital Downgrades Trex Co to Hold, Lowers Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
Loop Capital has downgraded Trex Co (NYSE:TREX) from Buy to Hold and lowered the price target from $95 to $75, as per analyst Jeffrey Stevenson.
August 07, 2024 | 10:20 am
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Loop Capital has downgraded Trex Co from Buy to Hold and reduced the price target from $95 to $75, indicating a less optimistic outlook for the stock.
The downgrade from Buy to Hold and the significant reduction in the price target from $95 to $75 by Loop Capital suggests a less favorable view of Trex Co's future performance. This is likely to negatively impact the stock price in the short term as investors react to the revised outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100