Truist Securities Maintains Buy on Trex Co, Lowers Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Keith Hughes maintains a Buy rating on Trex Co (NYSE:TREX) but lowers the price target from $120 to $100.
August 07, 2024 | 1:42 pm
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NEUTRAL IMPACT
Truist Securities maintains a Buy rating on Trex Co but lowers the price target from $120 to $100.
The Buy rating suggests continued confidence in Trex Co's long-term prospects, but the lowered price target indicates some caution about near-term performance. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100