B of A Securities Maintains Buy on Trex Co, Lowers Price Target to $85
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Rafe Jadrosich maintains a Buy rating on Trex Co (NYSE:TREX) but lowers the price target from $97 to $85.
August 07, 2024 | 5:12 pm
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B of A Securities analyst Rafe Jadrosich maintains a Buy rating on Trex Co (NYSE:TREX) but lowers the price target from $97 to $85.
The Buy rating suggests continued confidence in Trex Co's performance, but the lowered price target indicates some caution about its short-term prospects. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100