B. Riley Securities Maintains Buy on Trex Co, Lowers Price Target to $97
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities has maintained a Buy rating on Trex Co (NYSE:TREX) but lowered the price target from $107 to $97.
August 07, 2024 | 4:47 pm
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B. Riley Securities has maintained a Buy rating on Trex Co (NYSE:TREX) but lowered the price target from $107 to $97.
The Buy rating suggests continued confidence in Trex Co's performance, but the lowered price target indicates a more cautious outlook on its short-term potential. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100